The automotive supplier Aumovio wants to cut up to 4,000 research and development jobs worldwide due to the difficult market environment. The company announced on Tuesday in Frankfurt that the dismantling should be largely completed by the end of 2026.
Aumovio wants to reduce costs and reduce the expenditure ratio for research and development by 2 percentage points below 10 percent of sales by 2027. Locations in Singapore, Romania, Serbia, Mexico and Germany are affected. In this country, the von Continental separate separated suppliers from a high three-digit number of employees.
CEO Philipp von Hirschheydt justified the move with the challenging environment. “We are now taking additional measures to consistently increase our efficiency,” he said. The dismantling should be made as socially acceptable as possible. A volunteer program is planned for the German locations from the beginning of March. At the same time, Aumovio continues to invest in future fields such as software-defined vehicles and autonomous driving.
Already the core business of the Dax group Continental, the supply division has undergone a major overhaul with the reduction of thousands of jobs. According to information, Aumovio has more than 86,000 employees at more than 100 locations in 25 countries worldwide. A good five years ago there were more than 100,000 at Continental Automotive. Also the other major suppliers Bosch and ZF Friedrichshafen are cutting tens of thousands of jobs because of the crisis in the auto industry and the slow-growing demand for electric cars, in which suppliers had invested massively.