Sept 26 (Reuters) - German machine and car parts maker Schaeffler (SHA_p.DE), opens new tab is to implement job cuts as part of its merger with German EV components maker Vitesco (VTSCn.DE), opens ...

CNBC. Schaeffler CEO says job cuts 'absolutely necessary' Posted: November 5, 2024 | Last updated: May 19, 2025. Klaus Rosenfeld, CEO of Schaeffler, discusses the the company's third-quarter ...

Europe’s Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts. A consumer shift in Europe toward low-cost tires, mainly from Asia, has hampered business. By . Adam Whittaker. Share.

French tyre maker Michelin , opens new tab also announced job cuts and plant closures on Tuesday due to weak auto demand and cheap Asian competition. It plans to lay off 1,200 people and shut two ...

Schaeffler, which supplies parts to companies including VW, BMW, and Mercedes-Benz, said it would cut about 2,800 jobs in Germany as part of an effort to save 290 million euros ($316 million) a ...

Job cuts are coming thick and fast from Volkswagen AG. Just since December, it’s announced plans to reduce its German workforce by 35,000 over five years, to cull 1,900 positions at Porsche and ...

French tyre company Michelin said Tuesday it would close two French plants by early 2026 and German parts maker Schaeffler announced 4,700 job cuts ... to cuts at Michelin, Germany’s Schaeffler.

Just three weeks later, Schaeffler announced 139 job cuts at Vitesco in Schwalbach. The company plans to cut 3,700 jobs across Europe, 2,800 in Germany. The company, ...

Schaeffler management declared competitiveness to be its central goal and left open the question of whether further job cuts could be expected. Meanwhile, it named three goals that the company is ...

A wave of industrial job cuts is setting a grim tone in the early stages of Germany’s election campaign, ... 2,800 at its rival Schaeffler and 2,900 at Ford. The job cuts, ...

The job cuts will mainly take place in Germany, where around 2800 jobs will be lost at 10 sites. However, five other sites in Europe are also affected. Go to accessibility shortcuts ...