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[ Mon, Dec 02nd 2024 ]: Aaron Neefham
[ Mon, Dec 02nd 2024 ]: Aaron Neefham
[ Mon, Dec 02nd 2024 ]: Aaron Neefham
[ Mon, Dec 02nd 2024 ]: Aaron Neefham
[ Mon, Dec 02nd 2024 ]: Aaron Neefham
[ Mon, Dec 02nd 2024 ]: Aaron Neefham
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[ Fri, Nov 29th 2024 ]: Aaron Neefham
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Switzerland's Feintool plans cuts in Germany, cites weakness in EV market
Feintool, a Swiss automotive supplier, announced plans to cut jobs in Germany due to a slowdown in the electric vehicle (EV) market. The company, which specializes in producing parts for electric cars, cited weaker demand for EVs as the primary reason for the layoffs. This decision comes amidst broader market challenges, including reduced EV sales growth and increased competition, particularly from Chinese manufacturers. Feintool aims to reduce costs and restructure its operations to better align with current market conditions, although specific details on the number of job cuts were not disclosed in the report.
Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/switzerlands-feintool-plans-cuts-germany-cites-weakness-ev-market-2024-12-03/ ]
Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/switzerlands-feintool-plans-cuts-germany-cites-weakness-ev-market-2024-12-03/ ]
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