Overview
- Voith announced a strategic review that could eliminate up to 2,500 positions worldwide, with no site- or function-level decisions yet.
- The company signaled a disproportionate impact in Germany due to high energy and labor costs, complex regulation, and bureaucracy, with about 7,000 employees based there.
- IG Metall expects formal negotiations to begin in January or February 2026, while an employment-protection deal at the Heidenheim headquarters runs until March 2028.
- Management says the measures are meant to free resources for investment after FY 2023/24 revenue of €5.23 billion and a net loss of €247 million, focusing on simpler processes and future growth areas.
- CEO Dirk Hoke said Voith will seek amicable solutions to avoid compulsory dismissals, with specifics to be worked out with works councils and employee representatives.