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Stabilus to Cut 450 Jobs in Global Overhaul as Profit Outlook Falls

The supplier is budgeting €18 million for restructuring that includes consolidating offices and production across Germany, the United States, Singapore and Thailand.

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.