With the software giant SAP, the workforce could shrink every year. Several thousand spots are facing the end of that.
• SAP plans annual dismantling of up to 2,200 jobs
• Around 1-2 percent of the workforce
• Group wants to invest in further training and KI/cloud skills at the same time
As the “Handelsblatt” reports, the software company SAP wants to adapt its workforce down every year. The board around CEO Christian Klein plans to delete up to 2,200 jobs each year.
“Optimizations” of the number of staff
A “continuous adaptation” of the workforce is planned, as the Handelsblatt cited – one to two percent of the jobs at SAP should therefore be omitted year after year. “In our view, the measure seems to be geared towards short -term financial goals than for a strategic transformation,” said Andreas Hahn, Chairman of the European Works Council, according to the Handelsblatt. “We fear that the SAP board could permanently use job cancellations as an instrument if the financial goals require this.”
This is how the SAP justifies the plans
When asked by the Handelsblatt, the company itself communicated that as part of a profound transformation of the industry, which is driven by AI and Cloud, focused on “the continuous optimization of our processes and structures as well as on strategic investments in future skills”. For example, the company wanted to invest in further training and new hires in “critical growth areas”.
Meanwhile, the announcement of the deletion plans was less well received. CFO Dominik Asam had compared the dismantling plans in conversation with analysts to brushing your teeth: “It will be nothing special.”
Large job cancellations in the future?
As part of the latest quarterly report, the SAP had already communicated to do not want to do without large -scale job cancellations, as they had found in the past. In the future, regular “optimizations on a significantly smaller scale” should be planned, according to CFO Dominik Asam at the reporting template in July.
SAP share with catching up to do
It remains to be seen whether the plans to want to continue to be reduced continuously in the future will help the SAP share. At the moment, the Dax giant on the stock exchange still has a significant catch-up requirement: investors have had a minus of 6.7 percent in their depots since the start of the year. The fact that the SAP share in Xetra trading ultimately increased 0.50 percent to 220.90 euros on Friday is only a drop on the hot stone.
Editor finance.net
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