VARTA cuts 800 jobs in business shake-up

VARTA cuts 800 jobs in business shake-up

VARTA cuts 800 jobs in business shake-up 453 402 Energy Storage Journal

April 28, 2023: VARTA said on April 25 it would cut around 800 full-time jobs across the group, just days after pledging a significant expansion of ESS sales and production following a restructure of the business.

Around 390 of the job cuts will be in Germany over the next two years — 240 of those taking place this year. VARTA employs aroundå 4,700 worldwide.

The company said the cuts were a result of its restructuring and in response to massive price increases for materials amid global crises, including the Russia-Ukraine war and impact of the pandemic.

VARTA board of directors speaker Markus Hackstein said: “We have to shape the specifications of the restructuring plan in such a way that we can secure the future of our company while retaining as many jobs as possible.”