Latest Festo News & Updates

See the latest news and media coverage for Festo. We track all announcements, press releases, and industry mentions in real time, all in one place.

Festo

Industrial automation and technical education provider

festo.com

Headquarters: Esslingen, Germany
Founded year: 1925
Company type: Private company
Number of employees: 10,000+
Industry: Industrial Machinery & Equipment

Last updated September 4

Latest news about Festo

In short: Festo announced 1,300 German job cuts while advancing AI-driven automation, digital twins, and WorldSkills partnerships.

Company announcements

May 8 Festo

Festo launches transformation program

It aims for sustainable growth, competitiveness, and cuts 1,300 positions in Germany amid market challenges.

April 21 Festo

Festo reports stable 2025 financial performance

Turnover reached €3.33 billion despite challenges. Growth occurred in Americas, Europe, and India. New R&D board member joins in 2026.

April 17 Festo

Festo reports solid 2025 financial results

Turnover declined 3.7% to €3.33 billion amid challenges. Focuses on Seamless Automation with over 8% R&D investment and structural development for 2026 growth. New R&D board member appointed.

December 31, 2025 Festo

Festo reports solid 2025 financial results

Turnover declined 3.7% to €3.33 billion amid challenges. Focuses on Seamless Automation with over 8% R&D investment and structural development for 2026 growth.

Media coverage

September 4 Stuttgarter Zeitung

Hundreds of shoes on Festo premises: workforce fights for their jobs

Festo plans to cut 1,300 positions at its German locations. The works council of the Esslingen company has launched a protest action.

August 21 Plasticker

Festo: Relocation of injection molding production to Turkey

Festo has adopted a target image for the Hassel site by 2030. The polymer injection molding production will be moved globally...

August 4 KONTEXT:Wochenzeitung

At the machine builder Festo in Esslingen, there will still be many empty chairs. The company wants to cut 1,300 jobs. Photo: Jens Volle

Festo wants to cut 1,300 jobs and is putting employees under pressure to sign a termination agreement. The works council seems helpless.

July 29 Stuttgarter Zeitung

Too much pressure on disliked employees? - "Never experienced this extent before"

Festo plans to cut 1300 jobs. To achieve this, the Esslingen-based company is apparently putting massive pressure on employees. The works council and union criticize the approach.

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