FORVIA Transfers Augsburg Site to GDELS, Safeguarding Jobs and Future Growth
FORVIA has finalized an agreement with GDELS to transfer its Augsburg facility, impacting approximately 300 employees. This strategic move is part of FORVIA's adaptation to changing market demands while ensuring sustainable operations and job security.
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FORVIA's agreement with General Dynamics European Land Systems (GDELS) will transfer its Augsburg site in Germany, affecting about 300 jobs. The transaction is subject to regulatory approvals and employee consultations.
This collaboration aims to provide a sustainable future for the Augsburg site, utilizing industrial synergies and focusing on defense activities. A joint upskilling initiative will be implemented over the next nine months to adapt workforce capabilities. This transition aligns with FORVIA's IGNITE plan, aimed at enhancing competitiveness and preserving jobs while ensuring customer satisfaction during the shift.
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