Thu, December 5, 2024
Wed, December 4, 2024
Tue, December 3, 2024
Mon, December 2, 2024
Sun, December 1, 2024
Sat, November 30, 2024
Fri, November 29, 2024

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/ ]