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September 16, 2020

Mahle to axe 7,600 jobs?

Supplier Mahle sees no return to pre-crisis levels "for several years" and said had "excess global capacities of 7,600 jobs".

By Olly Wehring

Supplier Mahle sees no return to pre-crisis levels "for several years" and said had "excess global capacities of 7,600 jobs".

It is consequently accelerating group restructuring on top of cost-saving programmes begun last year "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 yet again significantly increased the urgency to take action," it said in a statement.

It had evaluated business units, regions, and locations and identified global excess capacities of 7,600 jobs and now will be "discussing with the relevant employee representatives which adjustment measures can be implemented".

"We're currently facing a crisis, the like of which we've never experienced before," said chairman Joerg Stratmann. "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." 

Europe accounts for around 3,700 jobs, of which roughly 2,000 are in Germany.

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