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Auto supplier Mahle is cutting 7,600 jobs worldwide

The job cuts in the automotive industry are not ending. In the course of the Corona crisis, the supplier Mahle also has to save more. Thousands of jobs are threatened in Germany.

The auto supplier Mahle tightened its austerity course. The foundation company wants to cut 7,600 jobs worldwide, 2,000 of them in Germany, as the chairman of the management board, Jörg Stratmann, announced on Wednesday in Stuttgart.

“We are currently dealing with a crisis that we have not yet experienced.” Right now it is important to consistently continue efforts to reduce costs and focus even more on the strategic goals.

The company announced that it would start talks with the works council. The measures should be discussed together in detail and their socially acceptable implementation planned, said Labor Director Anke Felder.

There are currently just under 12,000 employees in Germany

The company has been following a strict austerity course since 2018 and has so far cut 6,700 jobs worldwide. Mahle currently has 72,000 employees worldwide, including just under 12,000 in Germany.

The Vice-Head of the General Works Council, Dieter Kiesling, sees the blame for the misery not only in the lack of sales due to the Corona crisis and the growing pressure to cut costs. The transformation of the entire automotive industry has been going on for quite a while and Mahle has not yet presented any prospects for the combustion engine locations.

Three-digit million losses

Last year the group made a loss of 212 million euros after a profit of 446 million euros in 2018. Sales fell last year by 4.2 percent to twelve billion euros.

Mahle manufactures conventional engine components such as pistons, but also filters and pumps for internal combustion engines. The company is also increasingly turning to parts for electric cars. Like other suppliers, Mahle had reduced its dependence on the classic combustion engine in recent years.

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