Being highly likened to the automotive and electronics industries, KUKA could not decouple from the development in these industries. The Q3 set of figures showed some deeper skid marks in the main divisions, which had forced management to cancel FY guidance at the end of September and to announce the restructuring of part of a division. Now, we know the segment is in Robotics. Furthermore, it was not unexpected that Europe and China would become difficult markets.
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Another round of cost cutting
- Published:
31 Oct 2019 -
Author:
Martin Schnee -
Pages:
2
Being highly likened to the automotive and electronics industries, KUKA could not decouple from the development in these industries. The Q3 set of figures showed some deeper skid marks in the main divisions, which had forced management to cancel FY guidance at the end of September and to announce the restructuring of part of a division. Now, we know the segment is in Robotics. Furthermore, it was not unexpected that Europe and China would become difficult markets.