Tag #Webasto

What is the immediate impact of Webasto's job cut announcement on its German workforce and the broader automotive industry?

Webasto, a German automotive supplier, announced 650 job cuts across its German sites, impacting nearly one-sixth of its workforce. This follows 1300 job cuts last year, totaling 1950 job losses in two years. The company cited market challenges, including the transition to e-mobility and increased costs, as reasons for the reduction.