A major auto supplier for Tesla, VW, Ford to slash 10K jobs
Forvia, a major supplier for Stellantis, Volkswagen, Tesla, and Ford, plans to cut as many as 10,000 jobs in Europe over the next five years. The news falls days after major auto supplier Continental announced that it too was cutting its workforce by 7,150 jobs.
Forvia, the eighth-largest automotive supplier in the world, said it plans to shrink its 75,500 workforce by 13%, including cutting jobs at Hella, its subsidiary that makes lighting, among other parts, for automobiles. It’s all part of a new…