Weak demand in the automotive and industrial electronics sectors leads to declining orders

AT&S uses temporary corona short-time work for the Fehring plant

Due to the global weakness in demand in the automotive and industrial electronics sectors, which has been exacerbated by the COVID-19 pandemic, and the associated decline in orders for the AT&S plant in Fehring, the company has decided to take advantage of temporary short-time working as a stop-gap measure for the AT&S Fehring location, starting on July 1st. Due to the current situation in these industries, a sensible utilization of the production capacities cannot be maintained. The planning envisages the short-time working measures to be set for the next three months; if the currently very volatile situation has largely normalized by then, normal operation can then be resumed.

Of its 10,000 employees worldwide, AT&S currently employs 400 people at its Fehring location, 320 of whom are affected by short-time work. AT&S produces products for the automotive and industrial electronics industries in Fehring. Despite the current weakness in demand, both sectors are growth sectors due to trends such as e-mobility, autonomous driving, digitalization in industry, etc. The corresponding growth impulses can therefore be expected again after an economic recovery.

AT & S Austria Technologie & Systemtechnik Aktiengesellschaft – First choice for advanced applications
AT&S is a leading manufacturers of high-end printed circuit boards and IC substrates. AT&S industrialises leading-edge technologies for its core business segments Mobile Devices & Substrates, Automotive, Industrial and Medical. AT&S has a global presence with production sites in Austria (Leoben, Fehring) and plants in India (Nanjangud), China (Shanghai, Chongqing) and South Korea (Ansan near Seoul). The company employed roughly 10,000 people in the financial year 2019/20. For further information please visit www.ats.net

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Gerald Reischl, Director Communications & Public Relations
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June 22, 2020 15:31 Published by