Forvia to Cut Up to 10,000 Jobs in EV Shift

Monday, 19 February 2024, 08:53

Forvia shares surged following the announcement of its plan to cut up to 10,000 jobs to align with the EU's electric-vehicle policies, aiming to achieve significant cost savings by 2028. This strategic move underscores the company's commitment to embracing electric-vehicle trends and staying competitive in the evolving market landscape.
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Forvia to Cut Up to 10,000 Jobs in EV Shift

Forvia Plans to Reduce Up to 10,000 Jobs Amid Transition to Electric Vehicles

Forvia shares rose after it announced a plan to save about €500 a year starting in 2028 through job cuts to adapt to EU electric-vehicle policies.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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