Marel Laying Off 5% Of Staff in Their Global Workforce to Meet 2023 Targets

July 20, 2022 Iceland Monitor

The acquisition of Wenger was a positive step for the company, but in order to meet their target goals for 2023 they are going to lay off 5% of staff in their global workforce, which could save EUR 20m annually. The company is hoping to show a better second half of 2022 with these changes and the high order status is a positive sign in reaching that goal.