Overview
- Management says reductions will focus on Europe, the Middle East and Africa as well as the Americas, with site-level details still being determined.
- Stabilus retains roughly €1.3 billion revenue guidance but now expects about €25 million in full-year profit after restructuring charges, below prior analyst estimates of €47.1 million.
- The company employs about 7,800 people worldwide, and the scope of potential cuts at the Koblenz headquarters—where roughly 1,500 work—remains unclear.
- IG Metall and the works council are demanding transparency and full involvement in the process, warning they will increase pressure if employee representatives are sidelined.
- Executives cite weak global growth, higher costs and structural shifts in key markets as drivers of the plan, which comes as auto suppliers across Germany reduce headcount.