Valeo plans to merge hybrid and EV units, resulting in 1,150 jobs cut
The company says the plan, which was presented to trade unions, had measures to support the people who would be laid off
Valeo, a France-based automotive supplier, will slash about 1,150 white-collar jobs worldwide, as it amalgamates its hybrid and electric vehicle units, the firm's trade unions said, Autocar Professional reported Jan. 19, quoting news agency AFP.
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