The numbers are staggering. Shaken by the end of activity linked to the coronavirus epidemic, the automotive supplier Valeo announced on Tuesday that it had cut 12,000 jobs worldwide in the first half of the year, including nearly a thousand in France. Job cuts justified by the need to reduce costs and adapt to the drop in sales caused by the health crisis.
These workforce reductions have affected “all regions of the world,” CEO Jacques Aschenbroich explained during an audio conference with journalists. In Europe, where "a little more than 4,000" jobs have been cut, including "a little less than 1,000" in France, there have however been no redundancies. Valeo on Tuesday published a net loss of 1.2 billion euros from January to June.
An "exceptional crisis"
Faced with the impact of the crisis, Valeo "has set a target of reducing French wage costs by 10%, or 100 million euros", according to a message from management sent to employees at the beginning of July, which AFP had said. got copy.
“We are facing an exceptional crisis linked to Covid-19 and an unprecedented decline in the automotive market which affects all players in the sector. In this context, Valeo management informed the unions of the need to take measures to improve the competitiveness of its activities in France, ”management indicated at the time.
Eight billion euros for the automotive industry
On May 26, Emmanuel Macron presented in one of the production sites of the Valeo company "a historic plan" of "more than eight billion euros" to rescue the automotive industry, strongly affected and modernize it to make of France a champion of electric vehicles.
To boost sales, which plummeted in the first half of the year, the Head of State announced an increase in the ecological bonus to 7,000 euros for the purchase of electric vehicles by individuals and to 5,000 euros for companies, as well as the creation of a bonus of 2,000 euros for plug-in hybrids.
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