Preh, an automotive supplier, eliminates 420 positions.

The current financial state. - Preh, an automotive supplier, eliminates 420 positions.

Cai announced that layoffs will be happening in all parts of the company and will start by the end of the year. After a long period of losses and temporary work, the company needs to change direction.

The IG Metall in Schweinfurt resisted the decision. Thomas Hohn, their first representative, commented: "The situation at Preh highlights how significant the challenges in this area are." Daniel Rossmann, the works council chairman, said: "This announcement feels like a heavy punch in the face - especially since the management hasn't suggested any alternatives to these job cuts."

Preh is part of the Chinese Joyson Group, has roughly 7400 workers, and earned 1.7 billion euros in sales last year.

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