Faurecia to Cut 3,000 Jobs as Growth Focus Shifts Outside Europe
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Faurecia, Europe’s largest maker of car interiors, plans to cut about 3,000 jobs in its home region, or 7.5 percent of the workforce, by the end of next year as it retrenches in lackluster European markets.
Faurecia intends to cut about 1,500 jobs next year, the same number eliminated in 2012, Chief Financial Officer Frank Imbert said in an interview in London today. The restructuring will lead to about 100 million euros ($127 million) in charges this year and 90 million in 2013, the company said.