Baden-Württemberg: Esslinger Maschinenbauer Festo Wants to Delete 1,300 Jobs
15 Articles
15 Articles
The automation group Festo cuts 1300 jobs in Germany. The reasons are weak demand, competition from Asia and global crises.
The Esslinger company Festo is said to have lost 1,300 jobs. According to IG Metall, the employees got ice cold.
Industrial plant builder Festo has to streamline his structures. In order to achieve the necessary financial leeway required by the conversion, it affects some of the approximately 20,600 employees.
The automation specialist from Esslingen wants to save 200 million euros a year worldwide. Thousands of jobs are to be lost in Germany. Clear criticism comes from IG Metall.
The Esslinger company Festo supplies the industry with special machines. Now the medium-sized company has to respond to numerous challenges at the same time.
The German family company Festo is affected. The jobs are to be dismantled across different areas.
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