Emanuel Boeminghaus wrote that Forvia plans to cut up to 10,000 jobs across Europe as part of the EU Forward program launched in 2025. In Germany, the restructuring mainly affects the former Hella business, while further austerity measures are underway in the automotive industry. According to Boeminghaus, Forvia CEO Martin Fischer expects a global consolidation of the supplier industry and has warned about critical supply chains. Recently, Forvia achieved five billion euros in sales in China and conducted 80 percent of its new business with local manufacturers. Boeminghaus cited Merkur as the source. https://t.co/45q2R95lXN #Autoindustrie #Stellenabbau #Forvia (translated)
