Valeo to cut 1,150 jobs as hybrid, EV units merged: AFP
The plan which was presented to trade unions, had measures to support the people who would be laid off.
By Autocar Professional Bureau
5988 Views
Valeo, a France-based automotive supplier, will slash around 1,150 white-collar jobs worldwide, as it amalgamates its hybrid and EV units, the firm's trade unions said.
AFP reported that the plan which was presented to trade unions, had measures to support the people who would be laid off.
"We want to reinforce our competitiveness by having a more agile, coherent and complete organisation," said a company spokeswoman.
Around 735 jobs will be axed in Europe this includes 235 in France, AFP noted.
The company employs 109,900 world over at the moment, AFP said.
The FO trade union noted that the job cuts come on top of an announcement of layoffs at a transmission plant in France and the transfer of certain production to Turkey, only adding more confusion for the future, AFP reported.
The French state with a 7.3% stake via two state-owned investment banks, is the biggest shareholder in the company.
The firm's CEO had alluded to cost-cutting being an important measure in 2024, given the stagnant auto market, AFP said.
RELATED ARTICLES
Indonesia Postpones 105,000-Vehicle Import Plan From India, Bloomberg Reports
Arunima Pal
27 Feb 2026
Citing senior officials, Bloomberg reported that Indonesia is reassessing its import plan over concerns about the domest...
INDEX Group Opens Bangalore Technology Center to Expand India Market Presence
Sarthak Mahajan
27 Feb 2026
The German CNC machine manufacturer has established a new branch with a showroom and demonstration facility near Bangalo...
India Holds Fourth Place in Global Consumer Sentiment Rankings Amid Declining Confidence
Sarthak Mahajan
27 Feb 2026
The LSEG-Ipsos survey finds India's consumer outlook softening in February 2026, even as the country outperforms many ad...
