Overview
- Management formally notified employees and the works council of a project to cease activity in 2026, with 320 direct redundancies planned.
- Layoffs will be phased in three waves in 2026, with around 100 departures in June, about 200 in August, and the remainder at year’s end.
- Talks inside the company begin Monday and are set to run for four months under the statutory consultation process.
- The company cites a premature end to orders from main client ZF, reporting an 85% drop in revenue and sales divided by nine between 2023 and 2025.
- The shutdown follows a 2025 social plan that cut 234 jobs, as unions warn of severe local fallout and the firm notes failed diversification despite a €80 million EV-oriented investment.