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Layoffs surge at Tier 1 suppliers amid rising costs and EV market slowdown

Annabelle Shu, Taipei; Willis Ke, DIGITIMES Asia Wednesday 26 February 2025 0

Credit: AFP

The wave of layoffs sweeping through the global automotive industry shows no sign of slowing, with major international Tier 1 suppliers--Germany's Continental, Bosch, and ZF--bearing the brunt of the downturn.

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