MAHLE accelerates restructuring of Group
- Challenging market environment and technological transformation: expansion of MAHLE’s ongoing cost-saving and restructuring programs
- Coronavirus crisis intensifies urgency to act—no return to precrisis levels expected for several years
- Further capacity and structural adjustments required: excess global capacities of 7,600 jobs
- Despite economic pressures, focus remains on technological transformation and strategic goals
“We’re currently facing a crisis, the like of which we’ve never experienced before,” says Dr. Jörg Stratmann, Chairman of the MAHLE Management Board and CEO. “Despite the economic challenges that this entails, we must continue to drive forward and invest in our future topics as part of the transformation so that we remain competitive with the right know-how and product range. So it’s now particularly important that we maintain our efforts to reduce costs consistently and focus even further on our strategic goals. The capacity adjustments already implemented are not sufficient.”
Of the globally identified excess capacities, Europe accounts for around 3,700 jobs, of which roughly 2,000 are in Germany.
“Such measures are extremely difficult for us. But they are part of our global responsibility for the sustainable positioning of MAHLE. We will shortly start talks with the relevant employee representatives to discuss the measures in detail and plan their socially responsible implementation,” says Anke Felder, Corporate Executive Vice President Human Resources and member of the Management Board of the MAHLE Group.
Contacts in MAHLE Corporate Communications:
Director MAHLE Communications
Phone: +49 711 501-12506
Head of Corporate and Product Communications
Phone: +49 711 501-12199