Sram has announced a restructuring program involving the layoffs of around 40 employees globally due to soft sales over the past year. The company said it intends to focus on new business areas in order to be more aligned with the competitive dynamics of the industry. The 40 employees it laid off on April 26 were working across Sram's European, U.S. and Asian operations. Currently Sram, based in Chicago, employs around 3,500 people worldwide. In 2014 the company opened its Asia Development Center in Taichung, Taiwan. Sram's Taiwan operations currently comprise three factories with around 2,000 employees. The recent restructuring is said not to affect production and deliveries.

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