February 6, 2024
Miele launches worldwide efficiency program
Miele Group is now also feeling the impact of a worldwide slump in demand for domestic appliances and drastic cost-side price increases. In terms of long-term countermeasures, a comprehensive program to further improve structures, processes and costs has been launched. As the Executive Board today announced to the workforce, additional financial room to manoeuvre in the order of € 500 m is to be freed up by 2026. By more than two-thirds, this will be achieved through improvements in turnover or through reductions in material and associated costs. Nevertheless, a substantial reduction in personnel costs is also unavoidable. This means that up to 2,700 jobs could be cut worldwide or be affected by relocation. The process will be conducted as socially compatibly as possible.
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