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Dec 3 (Reuters) - A slew of automotive companies across
Europe have announced plant closures and big layoffs recently as
they struggle with weak demand, high costs, competition from
China and a slower-than-expected transition to electric
vehicles.
Below are layoffs and site closures announced in recent
months (latest first):
FEINTOOL
Switzerland's automotive supplier Feintool on Dec.
3 announced it will close one of its sites in Germany and lay
off as many as 200 people.
VALEO
French car parts supplier Valeo will cut around
1,000 jobs in Europe, sources told Reuters on Nov. 27, adding
that the restructuring push will result in the closure of two
French plants.
STELLANTIS ( STLA )
Carmaker Stellantis ( STLA ) on Nov. 26 announced plans to
shut its Vauxhall van factory in Luton, England, putting more
than 1,000 jobs at risk.
It has repeatedly halted assembly operations at its main
plant in Italy's Mirafiori due to low demand, in particular for
the electric version of Fiat 500.
The company said it had no plans to shut plants in Italy.
BOSCH
Bosch, the world's biggest auto parts supplier,
plans to cut 5,500 jobs by 2032 in its cross-domain computer
solutions and steering divisions, mostly at German sites, and
reduce work hours for some employees, it said on Nov. 22.
FORD
U.S. automaker Ford on Nov. 20 said it would cut 4,000
jobs, primarily in Germany and Britain, representing 14% of its
European workforce.
MICHELIN
French tire maker Michelin will shut two sites in
western France, affecting about 1,250 jobs, it said on Nov. 5.
SCHAEFFLER ( SCAFF )
German machine and car parts maker Schaeffler ( SCAFF ): The
, hit by weak demand from auto and industrial clients, said on
Nov. 5 it planned to cut 4,700 jobs, mostly in Germany.
The restructuring effort would also include closures of the
production facilities in Austria and Britain.
VOLKSWAGEN
Volkswagen, Europe's top carmaker, has
threatened thousands of job cuts and potential plant closures in
Germany as it embarks on tough talks with unions over the
cost-cutting push.
On July 9, it put on sale its 3,000-people-strong Brussels
site for premium brand Audi due to low demand for its higher-end
electric cars.
DAIMLER TRUCK
Daimler Truck, the world's largest truckmaker,
said on Aug. 1 it will cut hours and impose a job freeze for
employees in its truck-making business in Germany.