Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto
Baua Electric
APRIL 23, 2024
European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to.
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