MX Switch production will cease in Germany, moving to China

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RBithrey

22 Apr 2025, 17:24

As announced in an investor memo today:

https://ir.cherry.de/en/news-detail/che ... 0e54252a6/

The extension of the financing is based on a restructuring plan submitted by Cherry SE. The restructuring concept includes, among other measures, the complete discontinuation of switch production at the Auerbach site and its transfer to a partner in China. In this context, jobs will also be reduced in a socially responsible manner in consultation with the works council. The Auerbach site will be retained and is to be transformed into a development, logistics, and service hub for Europe.

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