French auto supplier Forvia, a dashboard and seat maker for major automotive companies such as Tesla, VW, and Ford, has announced plans to cut 10,000 jobs over the next five years. This strategic move aims to better compete with Asian rivals, particularly Chinese competitors, in the rapidly evolving electric vehicle (EV) market. The company has cited the need to streamline operations and boost margins as key reasons for the workforce reduction. Additionally, Forvia is immediately and drastically reducing recruitment efforts in Europe as part of its strategy to tackle the competition and transition smoothly into the EV sector.
Auto supplier Forvia to cut thousands of jobs in Europe https://t.co/LF0xylEHK6 https://t.co/e9Pd3JubNo
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👇 “immediately and drastically reducing recruitment in Europe” French car parts supplier Forvia to cut 10,000 jobs to tackle Chinese competition Dashboard and seat maker aims to reduce workforce over five years to boost margins. Don’t be surprised if this leads to some… https://t.co/51Mn9OROuZ
French car parts supplier Forvia to cut 10,000 jobs to tackle Chinese competition https://t.co/tdLzZAhlfs
French automotive major Forvia to eliminate 10,000 jobs
Forvia plans 10,000 job cuts to streamline operations amid EV transition https://t.co/eBChdW4DGj https://t.co/V8W7qFqc2A
A major auto supplier for Tesla, VW, Ford to slash 10K jobs https://t.co/b7mWuSyFQ5
French auto supplier Forvia is cutting 10,000 jobs to better compete with Asian rivals in the shift to electric cars https://t.co/AUQtk9dgn0