Goals of these job cuts in the first half of the year, reduce costs and adapt to the fall in sales caused by the health crisis.
After Renault, Air France or Airbus, Valeo has been hit hard by the economic crisis. The automotive supplier French announced on Tuesday have removed 12,000 jobs worldwide in the first half, including almost 2000 in France, to reduce its costs and adjust to falling sales caused by the health crisis.
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These reductions have affected "all regions of the world," said CEO Jacques Aschenbroich, during a conference call with journalists. In Europe, where "a little more than 4000 jobs have been deleted, including "a little less than 2000" in France, there has, however, been no compulsory redundancies. Valeo has published on Tuesday a net loss of 1.2 billion euros from January to June.