Brief: Norma Group To Begin Voluntary Redundancy Program

Norma SE

17/12/2025 06:13

Dec 17 (Reuters) - NORMA GROUP NOEJ.DE:

SAID ON TUESDAY IT WILL BEGIN VOLUNTARY REDUNDANCY PROGRAM

HAS REACHED AN AGREEMENT WITH THE GROUP WORKS COUNCIL ON A VOLUNTARY REDUNDANCY PROGRAM IN GERMANY

THE PURPOSE OF THE AGREEMENT IS TO GENERATE SAVINGS IN PERSONNEL COSTS IN A MANNER THAT IS AS SOCIALLY ACCEPTABLE AS POSSIBLE

THE VOLUNTARY PROGRAM GETS UNDERWAY IN JANUARY 2026.

NORMA GROUP INTENDS TO REDUCE AT LEAST 61 AND UP TO 70 JOBS WITH THE PROGRAM

PART OF NORMA GROUP’S GLOBAL TRANSFORMATION PROGRAM ANNOUNCED IN MAY 2025

EXPECTS TO CUT AROUND 400 JOBS GLOBALLY BY 2028.

THE TRANSFORMATION PROCESS WILL SAVE THE COMPANY A CUMULATIVE TOTAL OF BETWEEN EUR 82.5 MILLION AND  EUR 91.5 MILLION BY 2028.

 Further company coverage: NOEJ.DE

 (Gdansk Newsroom)

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