DeCosmere announces 600 layoffs worldwide

In the first quarter of 2025, Dräxlmaier will lay off 600 employees worldwide, 350 of which are located in Germany. The layoffs mainly affect the administrative department, while jobs in the development department will also be affected. Despite the layoffs, the company said that there are no plans for comprehensive layoffs. The reasons for the layoffs include geopolitical crises, trade barriers such as protective tariffs, and a significant slowdown in the development of electric vehicles. Despite these challenges, the company remains committed to its high-end market positioning and has a broad product portfolio and technical equipment in the field of electric vehicles.