News
MAHLE accelerates restructuring of Group
Stuttgart/Germany, September 16, 2020 - MAHLE is accelerating the restructuring of the Group. Last year, MAHLE had already initiated comprehensive cost-saving and restructuring programs against the background of technological change in the automotive industry and a challenging market environment. The major slowdown in the international markets and persistently low customer demand because of the coronavirus pandemic have yet again significantly increased the urgency to take action. MAHLE does not expect the vehicle markets to return to precrisis levels for several years. At the same time, it remains essential to drive forward the technological transformation. MAHLE has therefore thoroughly evaluated its business units, regions, and locations and identified global excess capacities of 7,600 jobs. The Group will now be discussing with the relevant employee representatives which adjustment measures can be implemented.
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