Tough Day for Europe’s Auto Jobs Signals More Pain to Come
- Renault will cut almost 15,000 jobs, almost a third in France
- BMW seeks to entice 5,000 to leave; ZF may lose up to 15,000
This article is for subscribers only.
Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis.
The extent of the devastation wrought on the European car industry by the coronavirus pandemic came into sharp focus on Friday when a sampling of major vehicle and parts manufacturers from France to Sweden revealed plans for at least 35,000 job cuts.