Overview
- Dürr plans to eliminate about 500 administrative positions by the end of 2027, with manufacturing operations to remain unaffected.
- The restructuring is designed to deliver €50 million in annual savings starting in 2027.
- More than half of the roles are in Germany, where the company intends to offer severance arrangements to minimize compulsory layoffs.
- It will record €40 million to €50 million in restructuring provisions in the second half of the year.
- This cost-cutting drive follows the June sale of 75% of its environmental technology unit to Stellex for about €250 million after demand weakened and margins narrowed.