German high-end appliance maker Miele will cut or relocate up to 2,700 jobs worldwide, it announced Tuesday, citing a collapse in demand and rising production costs.
The family group from Gütersloh (west) says it has
“felt the effects of the global collapse in demand”
and the
“drastic increase in costs”
, forcing it to adopt a savings plan affecting nearly 12% of the workforce. , according to a press release.
More information to come...