Valeo Closes Site in Bad Neustadt - Valeo shuts German plant, cutting 143 jobs amid fierce competition
Valeo is closing its facility in Bad Neustadt an der Saale, leading to 143 job losses and only 40 transfers to Erlangen. The company cites intense industry competition and challenging market conditions for this decision. The announcement has left employees and local representatives shocked, with IG Metall, the workers' union, describing it as a 'scandal' and a 'slap in the face'. The union had previously warned about the struggles of a development site without its own production. Valeo attributes the closure to a broader restructuring plan aiming to consolidate research and development activities into larger centers. While some jobs will move to another Bavarian location, no specific timeline has been provided. The works council expresses deep concern over the impact on employees' livelihoods, with many having spent years at the site. Valeo has not announced any immediate measures to reallocate roles beyond the limited transfers. The shutdown signifies the end of Valeo's presence in Bad Neustadt, with the company's focus shifting to its larger research hubs. This decision mirrors broader challenges in the automotive sector, where cost pressures and global competition continue to reshape operations.
