S. import tariffs, weak demand in the automotive sector, and rising energy and labor costs, according to a Reuters report citing a statement from the company's CEO Herbert Eibensteiner.
Accordingly, this will affect about 280 full-time and 60 temporary jobs. at its plants in Kindberg and Murzzuschlag in the province of Styria. This step is part of a restructuring program designed to meet the market challenges that have greatly affected the group's operations. The operation of the Kindberg plant will switch from three-shift to two-shift production starting in January 2026, reflecting a decrease in order volumes, as this place was particularly affected by duties on steel imports from the United States, which reduced the competitiveness of exports to the American market.
Meanwhile, the company announced its financial results for the first half of the year ended September 30, 2025-2026 fiscal year. The company reported a net profit of 199 million euros for the first half of the year, up 8.6 percent from last year. During the specified period, the company's revenue amounted to 7.6 billion euros, a decrease of five percent, and its EBITDA amounted to 722 million euros, an increase of 0.5 percent in both cases year-on-year.
The company expects its EBITDA to be in the range of 1.4-1.55 billion euros in fiscal year 2025-2026. Voestalpine said it expects the first positive effects of its restructuring measures to materialize by the end of the fiscal year, but acknowledged that short-term economic relief remains unlikely. As production volumes are under pressure, the company is striving to better align capacity with the constant obstacles in the market.
