The supply chain law has the potential to significantly impact the operations of any company, especially when it comes to working with suppliers who do not adhere to human rights standards. As a journalist, it is important to note that even working with western suppliers may require significant effort to comply with requirements.
In terms of employment, the company employs a mix of workers and employees, with a small percentage dedicated to administrative tasks. Research and development are integrated into production, especially for prototypes and product development with large customers. Austria and Europe’s strong training programs can still benefit the company when it comes to skilled workers. Apprenticeships are an important part of the workforce, nurturing and developing young talent.
Despite high non-wage labor costs and wage agreements, the company aims to remain competitive by focusing on technology and quality leadership. This decision was driven by the historical presence in Ternitz, its modern production facilities, and a highly trained workforce. With a focus on specialized products and a global presence, the company provides high-quality products that customers are willing to pay more for.
The energy landscape is shifting rapidly, but this presents opportunities for growth in new markets related to the energy transition. While traditional oil and gas production remains a core part of the business, the company is also expanding into new energy sectors with growth potential. The company sees both core business and new energy sectors as complementary and aims to excel in both areas.
While Russia is not a major market for them, compliance with sanctions led to a halt in deliveries there represented only a small percentage of total sales. However, Russia’s aggression against Ukraine has had minimal impact on their operations overall as they remain focused on their core markets while continuing to grow in new energy sectors.
In conclusion, despite external factors like global conflicts or shifting energy landscapes, this company continues to navigate challenges by focusing on technology and quality leadership while nurturing talented employees and exploring new opportunities in the energy transition
