Feintool moves some European electric car motor parts jobs from Germany to Hungary, cutting 250 positions.

Feintool, a Swiss company making parts for electric car motors, is changing how it makes rotors and stators in Europe due to economic and political challenges. The company plans to move some jobs from Germany to Hungary, reducing 250 of 450 jobs but saving CHF 15 million yearly. This move aims to strengthen Feintool as it adapts to the shift towards renewable energy and electric vehicles.

4 months ago
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