Well, after two plannet bankrupcies in 2011 and 2017 to get rid of debt, there is certainly questionable if the cheaper assembly and production in Serbia will make the company profitable in the time to come.
This recent restructuring is caused by bad housing sales in the previous years. Perhaps not surprising as there have been a lot of success from innovative new housing manufacturers in China.
Am I the only one to think a planned bankruptcy is highly immoral? Just to ditch personnel that might have worked there for years and are no longer needed without a proper leave package, and shake off some debtors and save some cash.
They did the same in 2011.