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.
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- Forvia (FRVIA) Streamlines with 10,000 Job Cuts Amid EV Shift
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- Forvia price target lowered to EUR 25 from EUR 27 at Deutsche Bank
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