Flyer reports massive job cuts
Demand was at a record high during the pandemic years. However, the market is now oversaturated, the economy in the key sales market of Germany is weak and inflation is high, consumer sentiment is poor and, as a result, demand for Flyer e-bikes has fallen. The company is responding with job cuts, with around 80 employees losing their jobs at the e-bike pioneer. The redundancies are to be implemented in as socially responsible a manner as possible.
28.09.2023