Tense situation

Threat of job loss: what you need to know now

At Fronius, talks are underway about a social plan. But what does this term actually mean? The "Krone" explains.

(Bild: Wenzel Markus)

Can you be made redundant without further ado? What is the labor market service's early warning system? How does a social plan help? The job cuts at the Upper Austrian technology group Fronius, where 650 employees are facing redundancy, are bringing questions like these to the fore. Read the most important questions and answers here.

At the beginning of June, 350 employees were made redundant, and now another 650 have to go in Upper Austria, Germany and the Czech Republic - many people are shocked by the job cuts at Fronius. "The redimensioning of our business activities has unfortunately become necessary and unavoidable," says CEO Elisabeth Engelbrechtsmüller-Strauß.