Homag plans production capacity adjustments

In response to a significant decrease in order intake at Homag, coupled with reduced gross margins in new business and a projected 15% drop in sales for 2024, the company is experiencing capacity underutilization. To address this situation, Homag is currently developing a set of measures to safeguard the EBIT margin before extraordinary effects from falling below 2% in 2024. These measures include the increased utilization of flexible working time arrangements and a planned reduction in capacity. Discussions with employee representatives are scheduled to take place in the coming weeks, with specific details to be communicated shortly. The ...