gave The crisis of the auto sector which is affecting Germany, where of course there is a big patient. Volkswagenextends to other articles active in vehicle components. So here it is. Michelin e Scheffler A plan has been announced Dismissal Definitely full body. In the first instance, the French tire company announced that it was in the difficult situation of closing two factories in France, as was German supplier Scheffler. Adding the two economic facts statements together, they are almost at risk. 6 thousand employees.
The Michelin crisis
Volkswagen announced a few weeks ago that it will have to close some of its factories in Germany, and as a result it will also have to review the composition of its workforce. Dismissal Now the impact is beginning to be felt in component companies across the entire supply chain of the automotive sector.
In case of Michelin Decline in orders is weighing on the crisis, which has been exacerbated by lack of orders from major players, especially Truck hey WayneThe company says it will be forced to close by early 2026. Two factories in FranceCholet and Vanne to be precise. They will be fired tomorrow. 1.254 employees, so that Michelin could begin an internal restructuring plan.
Scheffler’s termination
Regarding the SchefflerThe cuts will be far greater than those at Michelin, a German multinational in the auto parts industry that currently boasts 120,000 employees. They will be fired. 4,700 employeeswith this company will be closed Ben Two factories.
“This is the company’s response to a challenging market environment, increasing global competition and ongoing change in the automotive equipment industry in particular,” the multinational said, adding that the move is expected to generate savings. 290 million By the end of 2019.
The announced workforce reduction will affect 2..800 units Ten production sites in Germany, with the remainder in other European locations, will be closed, two of which will be closed. What trembles, in this sense, is.Italythe company is likely putting its factory in the crosshairs. Momo from Novara. Final selections will be announced by Scheffler by the end of 2024.
There is a shortage of car orders in Europe.
What leads to today’s decidedly rosy picture is the difficult situation of great uncertainty that the world is facing. European car market. If on the one hand we focus on the transition to i. Vehicles ElectricOn the other hand, the demand for these cars is very low, both due to high price and lack of proper incentives. However, in the meantime, European car manufacturers had invested heavily in electric vehicles, effectively exposing themselves to today’s risk of exposed costs without adequate profit margins.
Then the problem of extra European competition is negligible, please read on Chinese. Indeed, Red Dragon has quickly become a major player in e-cars, currently able to offer low-cost electric cars and parts. The European Union has intervened in this regard and imposed higher duties on Chinese electric vehicles sold in Europe, but this has resulted in White Duties between Beijing and Brussels that could lead to a more complicated situation than it initially appeared.
