Kuka
Chinese Supervisory Board Chairman commits to Augsburg
The loss of jobs at Kuka in Augsburg has sparked fears for the site. The Chairman of the Supervisory Board does not see this at risk, but also makes it clear where future growth will take place.
The Chinese Chairman of the Supervisory Board of the Swabian robot manufacturer Kuka has spoken out in favor of the Augsburg headquarters. "Why should we move the business and jobs from Augsburg to China when important customers are based here in Germany? That wouldn't make sense for us," Andy Gu told the Augsburger Allgemeine newspaper. Augsburg remains the innovation heart of Kuka."
Kuka was taken over by investors in 2016 and has since been majority-owned by the Chinese Midea Group. The company missed its business targets last year. The Executive Board has therefore launched a cost-cutting program, which will also see around 350 full-time jobs in Augsburg being cut this year.
Supervisory Board Chairman Gu represents the main owner Midea and expects Kuka to overcome its current sales problems: "It is important to continue to cultivate the automotive industry, but also to reduce dependence on the industry by conquering new economic sectors. The opportunities here lie above all in the Chinese market, which is the largest market for robotics and automation."
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