French automotive seating group Forvia has announced plans to reduce its staff by up to 10,000 in Europe over the next five years, partly due to falling demand and China's dominance in the auto industry. 

Forvia is the seventh-largest automotive supplier in the world and produces auto parts for companies such as Stellantis, Volkswagen, and Ford. To meet demand for affordable electric vehicles, the company plans to cut 13% of its European workforce and limit recruitment to posts deemed strictly necessary. 

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