OPmobility Cuts 770 Jobs and Lowers 2026 Targets
French auto parts maker OPmobility lowered its 2026 financial targets and announced plans to cut about 770 jobs in Europe. The supplier cited deteriorating automotive market conditions and lower global production forecasts for the restructuring.
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OPmobility lowered its 2026 operating margin target to a range of 430 million euros to 450 million euros on Wednesday afternoon. The supplier plans to cut 770 jobs across Europe following a sharper-than-expected decline in automotive demand. The restructuring aims to curb excess capacity as global vehicle production forecasts weaken.
