Tomtom sat nav on a windshield
The cell navigation machine on the windshield has a tough time within the age of smartphones. Tomtom is subsequently shifting its enterprise to digital maps. However these can more and more be automated.
BOn the navigation machine manufacturer Tomtom, every tenth job falls sufferer to rising automation. The Dutch firm introduced on Wednesday that round 500 workers could be laid off as a part of the reorganization of the navigation machine division. It’s now attainable to make maps more and more automated and thus extra environment friendly. Consequently, extra prospects might be addressed, stated firm boss Harold Goddijn. The badly battered Tomtom share rose barely.
ING analyst Marc Hesselink assumes that the cuts will primarily have an effect on low-paid employees. In accordance with him, the financial savings and restructuring prices ought to steadiness one another out at 30 million euros. Tomtom plans to present particulars on July fifteenth.
Tomtom’s prospects embrace Volkswagen, Renault, Uber and Microsoft. The corporate has been affected by provide bottlenecks within the trade for a very long time, that are additionally having an affect on manufacturing.