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GKN Driveline Plans Up to 75 Job Cuts at Vigo Plant Citing EV Shift and Weak European Demand

The supplier cites a European demand slump tied to the EV transition, with negotiations with worker representatives set for January 29.

Overview

  • The collective dismissal procedure would affect as many as 75 employees out of about 725, roughly 10% of the workforce.
  • Management says lower volumes are expected to persist and that reduced demand is hitting both external customers and intra‑group supply.
  • Company figures show 2025 sales of €205.8 million, about €20 million below plan and down from €250 million in 2023, with a 2026 projection near €195 million.
  • Union representatives say they will seek non‑traumatic alternatives and guarantees for those who remain, with the first bargaining session scheduled for January 29.
  • Local reports note ongoing integration with American Axle & Manufacturing and a broader regional wave of auto‑sector restructurings, including recent EREs at CTAG and Akwel.