DETROIT — Automotive technologies provider Visteon Corp. designs to minimize employment around the following two several years as the coronavirus pandemic economic downturn proceeds to infect the firm’s base line.
Visteon did not expose the precise variety of probable occupation cuts, but the maker of instrument clusters and other cockpit technologies expects $35 million to $forty million in cash payments for termination, severance and retention until eventually the finish of 2022.
The provider did not instantly respond to inquiries on the subject.
Visteon’s board authorized the restructuring program Sept. 30, in accordance to a regulatory filing with the U.S. Securities