AUMOVIO to slash up to 4,000 jobs in cost-cutting drive as pressure mounts on Germany’s auto sector (opens in new tab)

AUMOVIO is preparing to slash up to 4,000 jobs worldwide as part of a restructuring of its global research and development operations, with several hundred positions expected to be cut in Germany. The company said the measures are intended to reduce costs and bring its R&D spending below 10 percent of revenue by 2027, down […]