Adient plc (ADNT)
After hours:
| Previous close | 28.83 |
| Open | 28.95 |
| Bid | 0.00 x 900 |
| Ask | 0.00 x 800 |
| Day's range | 28.59 - 29.17 |
| 52-week range | 27.73 - 46.51 |
| Volume | |
| Avg. volume | 1,098,987 |
| Market cap | 2.645B |
| Beta (5Y monthly) | 2.40 |
| PE ratio (TTM) | 13.00 |
| EPS (TTM) | 2.23 |
| Earnings date | 03 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 23 Oct 2018 |
| 1y target est | 38.50 |
- Reuters
Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs
As of September 2023, Adient had over 70,000 employees worldwide, with about 42% of them working in the Europe, Middle East and Africa (EMEA) region. European automakers face a trifecta of challenges: soft demand due to higher borrowing costs that discourage car purchases, fierce competition from Chinese rivals, and higher input costs squeezing their margins. Adient's new round of layoffs and the rest of the restructuring would result in a charge of about $125 million in the company's fiscal second quarter.
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