European car parts suppliers have announced more than 100,000 job losses in the past two years as they suffer from low demand for vehicles and fierce competition from Chinese rivals.
Figures compiled by European trade body Clepa and shared with the FT show that parts suppliers announced 50,000 job losses in 2025, following 54,000 in 2024, in a sign of continued distress for the struggling sector.
“It is a quite unprecedented situation with over 100,000 jobs announced to be cut in the past two years . . . we haven’t stopped the bleeding,” said Benjamin Krieger, secretary-general of Clepa.
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