Overview

• Webasto will eliminate 650 jobs in Germany, nearly one-sixth of its domestic workforce, as part of its restructuring efforts.
• The job cuts will primarily impact administration and development, with some adjustments to production capacities due to declining demand.
• Affected employees will receive support through a social plan and a transfer company, offering up to 12 months of assistance for job searches.
• The restructuring follows a €195 million loss in 2023 and €1.1 billion in debt, compounded by challenges in the automotive sector and reliance on the struggling Chinese market.
• Leadership changes, including the recent appointment of CEO Jörg Buchheim, aim to guide the company through financial recovery and operational transformation.