Overview
- The company outlined a global framework to reduce up to 2,500 positions—roughly a tenth of its 22,000-strong workforce—with no decisions yet on specific sites or functions.
- Options will be reviewed with employee representatives in the coming weeks, and CEO Dirk Hoke says he aims to avoid compulsory redundancies, a goal unions describe as ambitious.
- Voith highlighted structural pressures in Germany including high energy and labor costs, complex regulation and heavy bureaucracy, and signaled stronger growth focus outside Europe.
- The restructuring follows weak FY 2023/24 results, including €5.23 billion in revenue, €201 million in EBIT and a €247 million net loss.
- Investment will be steered toward industrial water treatment, recycling and heat recovery, while the trucks and buses drive unit remains slated for sale after its spinout.