Robot builder: Kuka plans job cuts
The economic slowdown in the auto industry has also caught the robot manufacturer Kuka. After a lowered forecast, the company now wants to save millions and cut jobs.
In view of bad business, the robot manufacturer Kuka wants to save the sum of 300 million euros by 2021. The goal should also be achieved with job cuts.
Details of the extent of the personnel measures called Interims boss Peter Mohnen not. "I can not call a number because I do not know," he said. The Kuka board now wants to talk to the employee representatives.
Investment should remain untouched
Mohnen left open, whether the high-tech enterprise red numbers threaten. However, Kuka does not want to cut back the planned investment of half a billion euros. Even at the home location of Augsburg, no investments should be cut back.
Kuka wants to offer simpler and cheaper robots for the electronics industry and other customers - a hotly contested market segment.
So far, the company, which was taken over by the Chinese Midea Group in 2016, specializes in expensive robots for the automotive industry. However, the car manufacturers are affected by the economic slowdown - Kuka is now an indirect victim of this development. On Thursday night, the company had again reduced its forecast for the numbers in the past year.