Contract car assembler Magna International to cut 500 jobs at its plant in Graz, Austria due to low order book, Kleine Zeitung newspaper says citing management.
- Decision follows production halt of EV-maker Fisker last month
- Fisker had planned to make 40,000 vehicles annually at plant
- Layoff, registered with Austrian labor service AMS, follows 450 earlier headcount reduction
- NOTE:
Fisker Slashes EV Prices as Much as 39% in Fight for Survival
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