Iași County

Lear Corporation România

Lear Corporation, a major US automotive supplier providing components for Mercedes and Porsche, initiated collective layoff procedures at its Iași and Ploiești factories in Romania. AJOFM Iași confirmed the notification of collective layoffs starting May 2026, initially targeting 460 employees, with the exact number being recalculated due to voluntary departures. Production for Mercedes is being relocated by September 2026 and for Porsche by October 2026. The company has operated in Romania for 26 years, with facilities in Pitești and Iași. In 2025, revenue was 1.4 billion lei (down 12.5%), with 2,871 employees (down from 4,000). Globally, Lear operates in 36 countries with over $23 billion annual revenue.