Overview
- Musashi announced the pact on Monday following a mediation session in Frankfurt after several failed talks and weeks of demonstrations.
- The entire Hann. Münden site will close with about 160 job losses, and a planned strike at the plant has been canceled.
- In Leinefelde, the machining unit will be shut while the forge continues operating, with remaining employees covered by job security through 2028.
- At Lüchow, the deal preserves roughly 180 of 280 positions, limiting the scale of cuts at that facility.
- Musashi’s CFO said the agreement removes an incalculable economic risk and underpins the company’s future in Germany, while IG Metall will present the package to members.