Varta to Cut 350 Jobs After Major Client Loss and End of Button Cell Output
Varta Announces Job Cuts and Production Changes
Job Losses and Affected Locations
MUNICH, May 19 (Reuters) - German battery manufacturer Varta will cut 350 jobs and stop production of button cells in the southern town of Noerdlingen after losing its most important customer, a spokesperson said on Tuesday.
- The move affects around 350 jobs in Noerdlingen and at the company headquarters in nearby Ellwangen.
Details of the Lost Contract
- The contract with the customer, which was not named, expires at the end of October.
Impact on Production and Future Supply
- Varta's Noerdlingen plant almost exclusively produces rechargeable CoinPower button cells for Apple's AirPods. These will be supplied by a Chinese supplier in the future, a source said.
Reporting Credits
(Reporting by Alexander Hübner, writing by Matthias Williams, editing by Thomas Seythal)
