Cut

TOMRA Recycling announces cost reduction program

2026-02-20 0:37 min Management

TOMRA Asker, Norway

In response to challenging market developments over the past year, with reduced customer investments within the recycling industry, TOMRA Recycling has informed its staff that it will initiate a cost reduction program.

The initiative is part of the division’s plan to return its profitability back to an EBITA margin of +20%, as announced at TOMRA’s third quarter presentation in 2025.

The program targets gross savings of EUR 16 million in annual costs. Measures include rightsizing the organization and optimizing the global footprint through approximately 175 FTE reductions. The full benefit of the cost reductions is expected in 2027. The program is estimated to incur one-off costs of approximately EUR 15 million.