KUKA AG UNSP.ADR 1

Kuka and the works council agreed to refrain from operational redundancies at the Augsburg headquarters until July 2029. In return, certain collectively agreed pay increases and special payments will be postponed or suspended. The agreement is intended to enable necessary investments and limit staff reductions, after Kuka recently cut significantly more jobs than planned and was missing orders worth more than €100 million. Kuka employs around 3,000 people in Augsburg. » Plus sur finanzen.net

Robotics company Kuka plans to cut a total of 560 jobs at its Augsburg site, up from the previously announced 400, mainly in robot production. The reason is a lack of new orders worth around €100 million, weak demand from the auto industry and rising competition from Asia. Some tasks are to be transferred to Hungary; Kuka is part of the Midea Group. The state of Bavaria said it will consider financial support in the form of research funding and transformation measures, but demands countermeasures to secure jobs. » Plus sur heise.de

Because of persistently weak order intake, Kuka is cutting 560 full-time positions at its headquarters in Augsburg, up from the 400 previously planned, mainly in the robotics division and a smaller share in corporate administration. The company is missing new orders worth more than €100 million this year; Kuka is heavily dependent on orders from the automotive industry. The social plan program was launched at the beginning of the year and is due to run until the end of 2026. Kuka is counting on rising demand from automation and AI in the long term, in particular autonomous and learning robots. » Plus sur t-online.de