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COVID-19 pandemic: IAC, Mann+Hummel, ZF announce layoffs in US

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COVID-19

Automotive suppliers are staring at unprecedented uncertainty amid COVID-19 pandemic

The extended production suspensions by most of automakers in the United States amid the COVID-19 pandemic has severely affected their supplier base. Several tier-1 suppliers in the largest automotive market in North America have announced temporary stoppage of manufacturing activities at their plants. Some of these suppliers have also announced layoffs.

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