Subscribe
Suppliers

Valeo to cut about 1,000 jobs in Europe and close 2 French sites

Valeo logo 2024 Arc
(BLOOMBERG)
PS
By:
Peter Sigal
November 28, 2024 10:39 AM

PARIS — Valeo is seeking to cut more than 1,000 jobs in Europe and close two sites as part of a larger restructuring in response to changing conditions in Europe’s automotive sector.

Featured Stories

Mazda wins most awards on 2025 IIHS safety ranking
Mazda wins most awards on 2025 IIHS safety ranking
Dealership buy-sell database updates: Details on 11 new transactions in 8 states
Dealership buy-sell database updates: Details on 11 new transactions in 8 states
Ford stockpiling parts, tells suppliers to keep shipping amid tariffs
Ford stockpiling parts, tells suppliers to keep shipping amid tariffs
From the Newsroom: Nissan’s leadership shake-up
From the Newsroom: Nissan’s leadership shake-up

Latest News

Read the Automotive News Digital Edition for March 17
Mazda wins most awards on 2025 IIHS safety ranking
FTC loses one means of saving CARS Rule after U.S. appeals court rehearing deadline passes
Daily 5 report for March 14: For European automakers, the only certainty is tariff uncertainty
Staying current is easy with newsletters delivered straight to your inbox.

See More in Suppliers

Detroit 3 scrutinize supply chains harder than ever amid tariff war
Vinnie Johnson gets another win in Piston minority certification fight
Canada’s Hillcrest Energy aims to flip switch on EV power electronics, saving automakers money
Murky math: As auto parts cross borders, a bookkeeping nightmare unfolds
Staying current is easy with newsletters delivered straight to your inbox.