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home / news releases / VWAGY - Adient to cut European workforce move jobs to countries with cheaper labor

VWAGY - Adient to cut European workforce move jobs to countries with cheaper labor

Volkswagen AG ADR Repstg 1/10th Sh

2024-04-22 10:47:30 ET

To lower costs, Adient ( NYSE: ADNT ) will restructure its European businesses by cutting its workforce and moving positions to countries with lower labor costs. The measures are a result of increased competition in the sector and structural changes in the European automotive market. ...

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Adient to cut European workforce, move jobs to countries with cheaper labor
Stock Information
Company Name: Volkswagen AG ADR Repstg 1/10th Sh
Stock Symbol: VWAGY
Market: OTC
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