Auto parts supplier Forvia plans to cut up to 10,000 jobs in order to save about $540M starting in 2028 as part of a global shift to EVs, The Wall Street Journal’s David Sachs reports. The reductions will be taken through cuts, attrition and the elimination of contract positions and will affect about 13% of its workforce, according to the report.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FURCF: