Overview
- The Bavarian government signaled readiness to provide funding support to Kuka in a bid to stabilize its Augsburg operations.
- A works meeting on Tuesday turned highly emotional as staff confronted plans under discussion for restructuring.
- More than 400 positions are reported to be at risk, and parts of production could be relocated away from Augsburg.
- State representatives met with stakeholders in Munich on Wednesday to discuss options, with the scope and conditions of any aid still unresolved.
- Public criticism grew over deploying taxpayer money for a company under Chinese ownership through Midea.