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The Automotive Industry Stumbles, Valeo Announces Job Cuts in Europe

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The shifting tides of the automotive industry have spelled a very complicated year for the majority of automakers. French car part supplier Valeo has announced job cuts in Europe, which will affect approximately 1,000 jobs. A significant portion of the cuts will occur within France, but other parts of Europe, including Poland, Germany, and the Czech Republic, will also be hit.

Valeo’s job reduction news comes closely after the cuts announced at competitor auto parts maker Bosch, where around 5,550 jobs are being eliminated to accommodate the many changes occurring in the EV industry. Ford has also announced cuts this

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