Mahle to revise and accelerate restructuring plans
By Jim Gibbins - 1st October 2020
Germany – Stuttgart-based Mahle GmbH is accelerating its group restructuring. Last year, the company initiated comprehensive cost-saving and restructuring programmes against the background of technological change in the automotive industry and a challenging market environment. The major slowdown in the international markets and persistently low customer demand because of the coronavirus pandemic have significantly increased the urgency to act.
Mahle said it does not expect vehicle markets to return to pre-crisis levels for several years. However, it remains essential to drive forward technological transformation and it has thoroughly evaluated its business units, regions, and locations and identified global excess capacities of 7,600 jobs. The Group will now be discussing with the relevant employee representatives which adjustment measures can be implemented.
