Overview
- The program starts next year and targets €150 million in annual savings, with roughly two-thirds from personnel costs and one-third from material expenses.
- Roughly 1,000 positions will be eliminated worldwide in indirect areas such as administration and research and development.
- Production roles are excluded from these measures, which the company says can be adjusted separately based on plant utilization.
- About half of the savings are assigned to Germany, centered on the Stuttgart headquarters, with a mid-three-digit number of domestic jobs expected to go.
- Mahle plans to pursue severance and early-retirement schemes and will begin consultations with the works council.