PALFINGER is facing headwinds: shorter working hours, longer factory holidays, but no wave of layoffs

2024-07-26 12:44:59

Demand is weakening in Europe and inventories at warehouses and dealers are also high: This is forcing the Salzburg-based Palfinger Group, the global market leader for cranes and lifting solutions, to make capacity adjustments.

In factories in the greater Salzburg region, there is also a need to reduce overtime, extend factory holidays, reduce temporary work and, in some cases, reduce in-house short-term working. “But we will keep our regular team,” said Andreas Crowther, a member of Palfinger’s board of directors. The number of employees in Austria is…

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