PWO Group Implements Temporary Work Reduction at Oberkirch Site

The PWO Group, in collaboration with the works council at their Oberkirch location, has established a temporary agreement to reduce working hours and remuneration. This move responds to shifts in Germany's industrial landscape, which has seen production move to more competitive countries. The decision aims to avoid redundancies for operational reasons, ensuring job preservation at the main plant.

A potential decline in order volumes from key clients has prompted this strategic step. Consequently, working hours may decrease up to 7.63%, with a corresponding reduction in pay. In exchange, PWO has agreed to hold off on operational redundancies until the end of 2026.

While the German site faces challenges, PWO continues to see profitable growth internationally. Strategic investments in digitalization and customer projects at Oberkirch will proceed as planned in 2026.