Overview
- About 6% of the workforce will be reduced: 12,000 white‑collar roles plus 4,000 in manufacturing and supply chain, with the office cuts expected to save roughly CHF 1 billion annually.
- Implementation will unfold globally over two years via market‑by‑market plans and consultations, and the company has not yet given country or site‑level details.
- Under new CEO Philipp Navratil after a leadership shake‑up, the strategy emphasizes simplification, digitalization and automation and tighter portfolio focus, with any divestment‑related losses counted separately.
- Recent trading showed momentum: third‑quarter sales rose 4.3% with real internal growth of 1.5%, while nine‑month reported sales fell 1.9% mainly due to currency and organic growth reached 3.3%.
- Investors reacted positively to the announcement and results, with shares jumping up to about 8% in Swiss trading.