Over the past years TSTG Schienentechnik GmbH & Co KG in Duisburg has been contending with declining capacity utilization levels, recently generating significant losses. Excess capacity in the market impacted the competitive environment and lead to a strong decline in price levels. Against this background, the site in Duisburg is no longer able to produce without making losses. Therefore voestalpine AG has decided to withdraw from the standard rail production segment.
All existing customer orders will be carried out as contracted. The aim is to help employees affected by the closure to find new jobs. Opportunities for tranferring employees to other Group companies are also being examined. Closure will take place at the end of 2012 at the earliest, subject to the participation and co-determination rights of the employee representatives, and subject to the corresponding decisions being taken by the boards of the Group companies affected.