The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture Of Electrical And Electronic Equipment For Motor Vehicles
New offshoring locations
Bosnia and Herzegovina
600 jobs Number of planned job losses
Announcement Date
10 October 2024
Employment effect (start)
1 January 2025
Foreseen end date
31 December 2025
Description
Mahle Electric Drives Slovenija (MEDS), the German manufacturer of electric drive systems and mechatronics for hybrid and electric vehicles, announced 600 layoffs in 2025.
The company plans to cut 340 jobs in 2025 as part of an optimization of the organizational structure aimed at increasing efficiency. Additionally, 270 jobs will be cut as part of the relocation of production to Bosnia and Herzegovina and Hungary. The decision was attributed to weak demand in Europe's automotive market. Guntram Haas, CEO of Mahle Electric Drives Slovenia, stated that the company is currently facing a decline in automotive and other markets in which it operates.
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