Suppliers are reducing workforce in response to slowing EV sales growth.They have announced more than 50,000 job cuts in 2024, including Bosch, Continental, Forvia, Michelin, Schaeffler, Valeo, and ZF.Some cuts will take effect through 2028 as these companies adjust manufacturing capacity as well as engineering and other support functions. “The greatest impacts on employment are…
Cooling EV Sales Create Cuts, Job Losses
