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VARTA cuts 800 jobs in business shake-up

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April 28, 2023: VARTA mentioned on April 25 it might reduce practically 800 full-time jobs throughout the group, simply days after vow a big growth of ESS gross sales and manufacturing after a enterprise restructuring.

Round 390 of the job cuts shall be in Germany over the subsequent two years – 240 of these have taken place this 12 months. VARTA employs round 4,700 individuals worldwide.

The corporate mentioned that the cuts are the results of its restructuring and in response to giant will increase within the value of supplies amid international crises, together with the Russia-Ukraine conflict and the affect of the pandemic.

VARTA board of administrators speaker Markus Hackstein mentioned: “We have now to form the main points of the transformation plan in such a manner that we safe the way forward for our firm whereas protecting as many roles as doable.”

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