Stabilus SE (STM.DE) is planning to reduce its global workforce as part of a transformation program to boost long-term competitiveness. The initiative includes streamlining the organizational structure, cutting costs, and optimizing production. The program, endorsed by both the Management Board and the Supervisory Board, aims to address market challenges and enhance resilience. The company expects non-recurring transformation costs of 18 million euros in fiscal year 2025, offset by efficiency gains. Despite confirming its outlook for fiscal year 2025, Stabilus forecasts a consolidated net profit of around 25 million euros, below market expectations.

Read more at Nasdaq: Stabilus Launches Transformation Program With Global Job Cuts And Cost Optimization Measures