Valeo Announces Plans to Cut Up to 1,282 Jobs in France

The automotive supplier cites declining European car sales and delays in electrification as key factors in its restructuring plan.

Valeo plans to eliminate 868 jobs across eight French sites, with 694 forced layoffs and 174 voluntary departures.
Two sites, La Suze-sur-Sarthe and La Verrière, will close, while others, like L’Isle-d’Abeau, will see significant downsizing.
The total job losses could rise to 1,282 if employees reject transfers and vacant positions are not filled, according to union estimates.
Valeo attributes the cuts to a slowdown in the European automotive market and delays in electrification projects by manufacturers.
The restructuring is part of a broader trend in the automotive sector, with companies like Michelin and Ford also announcing job reductions recently.