Schaeffler announces 4,700 job cuts across Europe after a 44.9% drop in Q3 profits, citing challenges in the automotive ...
This decision is part of a move to bolster the company's long-term competitiveness in a “challenging market environment”.
According to the report, Schaeffler's cost-cutting measures, which aim to save around 290 million euros annually by 2029, ...
Schaeffler said Germany would see the biggest staff reduction, with plans to lay off around 2,800 people at ten sites. The rest of the job cuts will span across Europe, including two site ...
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