Well…huh?
I wonder why?
Mandates and Green dreams still can’t change what people want and are willing to pay for, it seems.
European automotive suppliers are experiencing unprecedented turbulence as electric vehicle market uncertainties trigger a wave of dramatic workforce reductions. Major manufacturers are confronting a perfect storm of economic challenges that threaten the industry’s traditional foundations.
In a stark illustration of the sector’s volatility Robert Bosch, ZF Friedrichshafen, Continental and Schaeffler have collectively announced 54,000 job cuts in 2024. This figure represents a record number of redundancies surpassing those announced during the pandemic years of 2020 and 2021 combined according to the European Association of Automotive Suppliers (CLEPA).
The projections for a 2025 rebound in EV sales come on the heels of retooled…
