Job cuts at traditional company: Thousands of jobs at household appliance manufacturer affected. Miele is one of the premium suppliers of washing machines, dryers, ovens, stoves and vacuum cleaners.

Sales of the family business, founded in 1899, fell significantly in 2023. Other German companies were also forced to make massive job cuts in this young year. But the traditional company is not alone in making job cuts. Bizerba also recently had to announce that it was cutting a number of jobs.