Cost-cutting program at supplier – Mahle tightens austerity measures: 1,000 jobs to be cut – mainly in Stuttgart
stuttgarter-nachrichten.de/inhalt.sparprogramm-bei-zulieferer-mahle-verschaerft-sparkurs-1000-stellen-fallen-weg-vor-allem-in-stuttgart.12688a3e-ecef-45ef-bca7-82fddb23eefc.html
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Mahle Announces Major Cuts: 1000 Jobs TargetedBy 2026, Mahle aims to save €150 million through staff reductions mainly in admin and development in Stuttgart.
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Summary created with AI assistance · Source: stuttgarter-nachrichten.de
Summary created with AI assistance · Source: stuttgarter-nachrichten.de
- Automotive supplier Mahle plans to cut around 1000 administrative and development jobs in Stuttgart as part of a broad cost-saving effort.
- The company expects to save 150 million euros worldwide since no market recovery is forecast within the next five years.
- Savings must take full effect in 2026, with production roles excluded from the layoffs.
- Mahle joins other suppliers like Bosch, Mercedes, and Porsche in reducing staff due to high investments in electric mobility.
We need the savings volume permanently because we do not see any recovery in the markets in the next five years.— Arnd Franz, CEO of Mahle, in an exclusive interview with our newspaper.
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city on the Neckar river and capital of the federal state Baden-Württemberg, Germany
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Paid articlePaywall Cost-cutting program at supplier – Mahle tightens austerity measures: 1,000 jobs to be cut – mainly in Stuttgart
stuttgarter-nachrichten.de/inhalt.sparprogramm-bei-zulieferer-mahle-verschaerft-sparkurs-1000-stellen-fallen-weg-vor-allem-in-stuttgart.12688a3e-ecef-45ef-bca7-82fddb23eefc.html
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