Baywa is radical new ways: 1,300 jobs fly out!

Baywa is radical new ways: 1,300 jobs fly out!

München, Deutschland - Uniwa: The well-known agricultural and building material group faces in-depth restructuring that will bring massive job losses. Michael Baur, the new board, has announced that a total of 1,300 out of 8,000 full -time jobs in Germany will have to be omitted by 2027. This means every sixth place in the group - a drastic step to eliminate the company's financial problems. In particular, the administration in Munich is the focus of the cuts, where almost 40 percent of the planned savings are to be realized, while only 26 unprofitable locations are to be closed in the area, as the Krone reported.

radical measures for renovation

Baywa is faced with a debt of over five billion euros. In order to improve the margin and reduce debts, the company plans to sell all international participations, including a large part of the shares in the Austrian Raiffeisen Ware Austria. By 2027, the board expects the sales of around four billion euros to reduce debt load by more than four billion euros. In order to further secure the liquidity, owners and banks have already made around one billion euros available to fresh capital to ensure the survival of the BayWa, such as the

The measures are draconian: Baywa is fighting rising interest rates and a slow resale of its projects in the field of renewable energies. The resignation of the former CEO Klaus Josef Lutz after a series of losses in spring has uncovered the effects of the missed expansion and debt management. Baur must now ensure that the necessary financing will be secured by the end of 2027 to keep the company stable and to prevent further financial erosion.