Aluminum group has more orders again. Additional employees are being sought for 2021
The aluminum plant in Ranshofen is reaching its capacity limits. The new plant will be ready in 2017.
The Upper Austrian aluminum group AMAG has more orders again and is therefore ending the short-time work introduced at the beginning of April at the end of the year. A press release on Tuesday said that the state-supported instrument was able to prevent downsizing.
The company felt the lockdown in April due to a sharp decline in orders. Since the beginning of the fourth quarter, demand has been increasing again in important sales markets such as the automotive industry, while the recovery will still take time in other segments. “The current order situation makes us confident and enables us to end the short-time work on December 31, 2020 and to hire new employees again,” said CEO Gerald Mayer.
The corona crisis caused the aluminum company's profit to collapse by almost two thirds after nine months. Earnings after income taxes decreased to EUR 11.1 million after EUR 30 million in the same period of the previous year. Sales fell by 18 percent to EUR 673.2 million.
