Kongsberg Automotive cuts 7,000 jobs amid virus outbreak
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OSLO (Reuters) - Car parts maker Kongsberg Automotive has terminated or furloughed two-thirds of employees in recent weeks as demand plunged amid a coronavirus pandemic, cutting full-time staff by about 7,000 people, the firm said on Friday.The company, headquartered in Zurich and listed in Oslo, plans to raise about 100 million euros (87.56 million pounds) in stocks and convertible bonds and has secured extra bank funding of 20 million euros, it added.In the last full week of March, revenues..