Car parts supplier Leoni to cut 4,500 jobs by 2026, says CEO

Reuters10-25

BERLIN, Oct 25 (Reuters) - Automotive supplier Leoni expects to report a loss in 2024 and plans to cut 4,500 jobs in administration and management worldwide by 2026 in the course of the sale of a majority stake to China's Luxshare , CEO Klaus Rinneberger told Reuters in an interview published on Friday.

(Reporting by Alexander Huebner, writing by Kirsti Knolle, editing by Rachel More)

((kirsti.knolle@thomsonreuters.com; +49 30 220133561;))

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