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, the latest signs of struggles in the European auto ...

The latest redundancy plans come from German car parts maker Schaeffler and French grocery chain Auchan. #EuropeNews ...

This decision is part of a move to bolster the company's long-term competitiveness in a “challenging market environment”.

Auto parts supplier Schaeffler plans to reduce its workforce and close two locations, just days after union officials warned ...

The automotive manufacturer said it would shut down its production sites in Cholet and Vannes by early 2026 at the latest.

The German corporation Schaeffler, one of the world's largest suppliers of machine and automotive parts, has announced job ...

Michelin factory workers burnt tyres in western France on Tuesday and vowed to stage a strike after the tyre company said it ...

Following the example of the German Volkswagen company, which has recently faced a serious crisis, Schaeffler has also ...

German car part maker Schaeffler is downsizing its operations in Europe, shedding light on the automotive industry's ...

GERMAN factory orders surged in September, a positive signal for the industrial sector whose prolonged bout of weakness may be coming to an end. Read more at The Business Times.

According to the report, Schaeffler's cost-cutting measures, which aim to save around 290 million euros annually by 2029, ...

British retailer Marks & Spencer reported a better-than-expected 17.2% rise in first-half profit, helped by market share ...