Friday, May 24, 2024

Another car company in crisis – will not put numbers on layoffs

The American-Irish sub-supplier in the automotive industry, Adient, is now at the point where you have to fire people to keep the business going.

It's not going perfectly everywhere in the car industry.

At least not when you look at the number of layoffs, losses per car, and it pours in with both quarterly and annual accounts with messy figures on the bottom line.

On Monday last week, another sub-supplier to the car industry announced that it will start a round of layoffs.

That's what Automotive News writes.

At Adient, which makes a living by making car seats, however, they do not want to say how many of the more than 70,000 employees will have to go out and look for new jobs.

READ ALSO: Mercedes withdraws and loses control of car brand

However, the round of layoffs is part of Adient's attempt to adapt itself to a market of electric cars. Just as you are plagued by higher production costs, and that the car manufacturers themselves will increasingly be responsible for more and more of building cars in general.

Adient's round of layoffs, so far kept secret in number, is just the latest in a series. Around the same time, Tesla announced that it is cutting the number of employees worldwide 'by more than 10 percent'. Read more about it here.

The same crisis atmosphere has meant that a German car brand has now gone bankrupt for the second time. And at ZF, over the next few years, a dizzying number of billions of euros must be found in order to keep the business alive. Read more about it here .

Read more exciting news from and about the world of cars right here!

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