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2 clusters · 8 sources · 5 days · First seen · Last updated

European automotive industry crisis and supplier layoffs

Overview

The European automotive industry is facing a significant crisis, leading to widespread restructuring and job losses among major suppliers.

In Romania, Fujikura Automotive România announced plans to lay off 309 employees at its Dej factory starting in late October. The company attributed this decision to a decrease in turnover expected for the 2026-2027 fiscal year, noting that its main project has reached the end of its life cycle and citing difficulties faced by its primary client, Volkswagen.

On a broader scale, Forvia CEO Martin Fischer warned of a global consolidation within the supply industry, stating that small and medium-sized suppliers face “existential threats.” Forvia has announced plans to cut up to 10,000 jobs across Europe as part of a restructuring effort to reduce debt and improve profitability. This includes selling its interior division and shifting focus toward vehicle seats and electronics. Fischer also expressed support for Volkswagen’s strategy to reduce its global model range.

Entities

Volkswagen · Martin Fischer · Fujikura Automotive România · Forvia · Hella

Timeline

  1. [BUSINESS] 5 sources
    Forvia CEO warns of automotive supplier consolidation and 10,000 job cuts

    Forvia CEO Martin Fischer warns of global automotive supplier consolidation and announces plans to cut up to 10,000 jobs in Europe to restructure the company and reduce debt.

  2. [BUSINESS] 3 sources
    Fujikura Automotive to lay off 309 employees at Dej factory

    Fujikura Automotive România will lay off 309 employees at its Dej factory due to the European automotive crisis and declining demand from Volkswagen.

Sources

cursdeguvernare.ro · ebihoreanul.ro · fehmarn24.de · kreiszeitung.de · merkur.de · op-online.de · revistabiz.ro · t-online-business.de