PARIS, Nov 27 (Reuters) - French car parts supplier

Valeo will cut around 1,000 jobs in Europe, sources

told Reuters, and the restructuring move will also result in

Valeo closing two sites in France.

The job cuts will impact more than 800 workers in France,

while Valeo will also cut staff at operations in Germany, Poland

and the Czech Republic, added the sources.

Valeo's job cuts come after the company reduced

its annual sales guidance

in October and as the European car sector faces challenges

from sluggish orders at home and competition from Asian rivals

which often make cheaper electric vehicles (EVs).

Tyre maker Michelin also announced in November

that it would

cut 1,250 jobs, while French-Italian carmaker Stellantis ( STLA )

said this week that it planned to shut its Vauxhall

van factory in southern England.

Ford also announced this month that it would

cut around 14% of its European workforce

.