Landis+Gyr lanciert globale Initiative zur Kosteneinsparung und Strukturoptimierung

Zug, Switzerland. – August 5, 2020 – Today, Landis+Gyr, the leading global provider of integrated energy management solutions for the utility sector, announced a global savings initiative, which aims at further optimizing its cost structure and simplifying the organization, resulting in an estimated reduction of its workforce worldwide by approximately 12%.

"We are committed to maintaining a leading market position for Landis+Gyr in the future and believe these actions are necessary, given the current economic environment and outlook”, says Werner Lieberherr, Chief Executive Officer of Landis+Gyr. “Our solid balance sheet is a great asset and we are now focusing on managing cost very diligently, while our commitment to R&D remains unchanged. This will ensure undisrupted customer satisfaction and we are pleased to report that we have not experienced any project cancellations to date. These efficiency and savings measures, paired with a relentless drive to develop cutting edge technology, will allow us to further strengthen our leading position in an increasingly competitive environment and underpin our strong desire to help our customers to achieve their clean energy targets.”

The initiative includes a global approach to simplify and streamline the organization, allowing for increased customer intimacy and speed to market as well as overall improved efficiencies and quality controls.

“Redesigning the organization will allow us to be even closer to our customers and focus on developing products that enable our customers, energy consumers and entire communities to manage energy in a more informed and sustainable way”, Werner Lieberherr added.

Landis+Gyr will announce further details when presenting the half year results on October 28th, 2020 and expects these restructuring measures to be implemented over the course of fiscal year 2020.

Media Contact
Eva Borowski, SVP Investor Relations & Corporate Communications
Phone +41 76 803 4573

Investor Contact
Christian Waelti, Head of Investor Relations
Phone +41 41 935 6331


Key dates

Release of Half Year Results 2020 October 28, 2020
Release of Sustainability Report October 28, 2020
Capital Markets Day January 27, 2021
Release of Results for Financial Year 2020 May 5, 2021
Publication of Annual Report 2020 and Invitation to AGM 2021 May 28, 2021
Annual General Meeting 2021 June 24, 2021


Über Landis+Gyr

Landis+Gyr ist der global führende Anbieter integrierter Energiemanagement-Lösungen für die Energiewirtschaft. Mit einem der breitesten Angebote der Industrie liefern wir innovative und flexible Lösungen und helfen damit Energieversorgungsunternehmen, deren komplexe Herausforderungen in den Bereichen Smart Metering, Grid Edge Intelligence und Smart Infrastructure zu meistern. Mit einem Umsatz von USD 1.7 Milliarden beschäftigt Landis+Gyr rund 5ʼ800 Mitarbeitende in über 30 Ländern auf allen fünf Kontinenten. Deren Mission ist es der Gesellschaft zu helfen, Energie besser zu managen.

Weitere Informationen sind auf verfügbar.