
Wave of redundancies announced for Kontron
Kontrons' new restructuring program includes the reduction of around 300 jobs - almost a quarter of the workforce.
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Kontrons' new restructuring program includes the reduction of around 300 jobs - almost a quarter of the workforce.

S&T intends to acquire up to 29.9% of Kontron's shares. The aim is to take on a leading role in the field of Industry 4.0 and IoT. The deal is to be financed through a partnership with Apple supplier Foxconn.

Kontron announced the dismissal of long-standing CEO Rolf Schwirz on July 25. At the same time, the company announced weak figures for the second quarter of 2016 - and withdrew its forecast for the year.

Following extensive restructuring and the relocation of its headquarters, the company has returned to profitability. But to be on the safe side, don't set yourself overly ambitious targets for the future.

Kontron announced two new partnerships at embedded world: one with Wibu-Systems to provide robust security for IoT applications and the other with SQLstream for cloud-based real-time analytics.