MX Switch production will cease in Germany, moving to China
Posted: 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.
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.