Overview

• TRUMPF plans to cut approximately 1,000 jobs worldwide, including 430 at its Ditzingen headquarters, to address ongoing financial pressures.
• The company has faced nearly two years of global economic weakness, leading to a 10% drop in order intake and declining revenues in fiscal year 2023/24.
• TRUMPF's earnings before interest and taxes (EBIT) fell by 18.6% to €500 million, while revenue declined by 3.6% to €5.2 billion in the last fiscal year.
• Negotiations with the works council are underway to ensure the job cuts are implemented as socially responsibly as possible.
• The company aims to achieve €250 million in cost savings this year, building on previous measures like reduced working hours and pay for hundreds of employees.