French automotive supplier Forvia said it plans to cut up to 10,000 jobs in Europe over the next five years as part of a plan to boost profits in the face of Chinese competition, reports Reuters. Forvia claim that one in two vehicles worldwide are equipped with Forvia products which specialise in electrification and energy management, safe and automated driving, and digital and sustainable cockpit experiences. The Paris-listed company plans to cut 13% of its European workforce, mainly through attrition and drastically reduced recruitment in Europe. "Our attrition rate is 2,000 to 2,500 people a year. So, in fact, the plan does not mean making 10,000 people redundant," Chief Financial Officer Olivier Durand told reporters, adding it would limit recruitment to posts deemed strictly necessary.