In honor of its 125th anniversary, Miele is compelled to implement drastic measures, as reported by "Manager Magazin," including plans to reduce its global workforce by 2,000 positions. Last year, reports emerged of job reductions at Miele's washing machine factory in Gütersloh, along with discussions of transferring roles to its Polish facility. Recent preparations among employees for cost-cutting measures come in response to a notable decrease in demand, prompting the need for prompt and resolute action. An official announcement regarding these measures is anticipated from the company tomorrow. Despite experiencing a 12% revenue increase in 2022, Miele's departure from the exceptional growth period became evident, coinciding with a surge in prices. Presently, Miele sustains a workforce of over 23,000 individuals. The downturn in demand and substantial margin losses are also evident in the latest balance sheet released by Electrolux.
Photo: Miele
Source: Moebelkultur