Valeo cuts jobs worldwide to cope with reduced orders and implements the "MOVE-UP" plan

In order to maintain profitability despite the loss of orders, Valeo Group has implemented global layoffs. As of December 31, 2024, Valeo will have 106,000 employees worldwide, a decrease of 6,600 from the end of 2023, a layoff rate of about 6%. This is part of the "MOVE-UP" plan, which aims to improve the group's competitiveness and profitability.