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European tier 1 auto suppliers face transformation challenges in 2024

Nuying Huang, Taipei; Eifeh Strom, DIGITIMES Asia 0

Credit: AFP

Leading tier 1 European automotive suppliers, including Bosch and ZF, have laid off more than 50,000 workers in 2024, surpassing layoffs during the COVID-19 pandemic. This is mainly attributed to difficulties in the shift to electric vehicles in the...

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