Feb. 20 at 11:29 AM
$FURCF Forvia plans to cut up to 10,000 jobs amid EV shift, WSJ reports
Auto parts supplier Forvia plans to cut up to 10,000 jobs in order to save about
$540M starting in 2028 as part of a global shift to EVs, The Wall Street Journal's David Sachs reports. The reductions will be taken through cuts, attrition and the elimination of contract positions and will affect about 13% of its workforce, according to the report.