Valeo cuts a further 134 jobs at its Ebern site

Valeo is again cutting 134 jobs at its Ebern site – already the fourth staff reduction in a row. Affected: 109 jobs in R&D (the area will be almost completely closed), 25 jobs in production-support areas. 37 R&D employees will receive an offer to transfer to Erlangen (centralisation of the Power division). The number of employees fell from 1,650 (2016) to 763. Reason: the site is almost exclusively dependent on the combustion engine and has been loss-making for years. IG Metall criticises the lack of a transformation strategy and innovation. The works council warns: cutting back on R&D puts the future of the site at stake.