The NSG Group will cut approximately 80 jobs at its Pilkington Automotive Deutschland plant in Witten, Germany.
The decision is a consequence of the current and medium-term weak demand situation, as well as continuous cost pressure in the German and wider European Automotive Glass market.
The group aims to improve profitability by optimising productivity and efficiency.
It is confident that the European markets will recover over the medium-to-long term with gradual improvement of vehicle production.
The measure will result in a reduction of the workforce at the site of approximately 80 employees.
Pilkington Automotive Deutschland is in contact with employee representatives to implement this process in a fair and transparent manner.
As a result of this decision, the group expects to record an exceptional cost of approximately JPY 1.1 billion for the financial year ending 31 March 2025, representing redundancy and other one-off costs.
The group’s full-year forecast for the financial year ending 31 March 2025, including this exceptional cost, will be disclosed after review.
