Overview
- The Esslingen-based company, which announced the plan Friday, launched a global transformation program targeting roughly €200 million in yearly savings after three straight years of falling sales.
- About 1,300 positions will be cut across functions in Germany, with additional reductions planned outside the country.
- Talks with the works council will define measures and timing, with voluntary and near‑retirement programs preferred over layoffs.
- CEO Thomas Böck said all production sites in Germany will stay open.
- IG Metall Esslingen criticized the decision and warned of harm to the local industrial base.