Research and Development Restructuring
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Aumovio to cut up to 4,000 jobs in global R&D restructuring
Yahoo Finance· 2026-01-29 16:26
Group 1 - Aumovio plans to eliminate up to 4,000 roles globally by the end of 2026 to enhance its R&D operations and competitiveness in a challenging market [1][3] - The company aims to reduce its R&D spending ratio to below 10% of sales by 2027, down from 11.9% in Q3 2025 [1] - The restructuring will focus on safeguarding market and technology positions, concentrating development spending, and strengthening partnerships [2] Group 2 - Most job reductions will be completed by late 2026, affecting facilities in India, Singapore, Romania, Serbia, Germany, and Mexico, with significant cuts expected in Germany [3] - Aumovio has initiated discussions with employee representatives to implement a voluntary program to mitigate job losses at its German sites [4] - The company plans to standardize, automate, and adjust its organization to reduce staffing needs while continuing to invest in value-creating technologies [5]