Overview

• Knorr-Bremse has confirmed that about 200 positions will be eliminated at its Munich headquarters as part of the Boost efficiency program
• An internal presentation shows roughly 700 roles across Germany—about 13% of its local workforce—are targeted for cuts
• The planned reductions follow a robust first half in which operating profit rose to nearly €500 million and margins reached 12.6%
• The company has introduced voluntary early retirement and severance schemes in its Rail and Truck divisions but has not ruled out involuntary layoffs
• IG Metall Munich called the cuts a breach of trust even as Knorr-Bremse reaffirms its commitment to domestic operations with the Aldersbach expansion