Schaeffler plans to cut 3,460 jobs and close 5 sites in Europe
The German automotive supplier announced the reductions on 3 November, with 75% of the job cuts and 4 of the site closures planned in Germany.
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The German automotive supplier announced the reductions on 3 November, with 75% of the job cuts and 4 of the site closures planned in Germany.
Schaeffler plans to cut 3,460 jobs and close 5 sites in Europe by 2028, the German automotive supplier announced on 3 November. The reductions are planned, not completed.
In 2024, the company announced plans to eliminate 4,700 jobs. Schaeffler makes products including bearings, electric motors, axle assemblies and clutches.
The company said 75% of the planned job cuts and 4 of the site closures would be in Germany, DW said.
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