Homag Group aiming to cut some 600 jobs worldwide

Sharper reduction than expected in receipts of orders in third quarter

Over the last few weeks, Homag Group AG of Schopfloch, Germany, has given more concrete shape to the cost-cutting measures announced in mid-October 2023 and has coordinated them with workers’ representatives. According to a release published on the evening of 7 November, roughly 600 jobs are to be cut worldwide. Som...

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