Europe, Schaeffler and Michelin

Europe’s Auto Woes Continue as Michelin, Schaeffler Plan Job Cuts
Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from weakness in the automotive sector.
Schaeffler announces 4,700 job cuts in Europe as operating profit falls by 45%
Schaeffler announces 4,700 job cuts across Europe after a 44.9% drop in Q3 profits, citing challenges in the automotive industry.
Europe auto struggles lead to cuts at Michelin, Germany's Schaeffler
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 industry.
Parts supplier cuts thousands of jobs as Germany's auto woes deepen
Thousands more jobs are under threat in Germany's beleaguered automotive industry.Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers.Union officials said Volkswagen plans to shut factories in Germany for the first time.
Schaeffler to cut 4,700 jobs amid European industry struggles
The German corporation Schaeffler, one of the world's largest suppliers of machine and automotive parts, has announced job cuts across Europe, impacting 4,700 employees. The company, whose shares have fallen by 20% this year,
Schaeffler to cut thousands of jobs, hit by weak auto and industrial units
German machine and car parts maker Schaeffler on Tuesday said it planned to lay off 4,700 people in Europe after its core profit almost halved in the third quarter, highlighting challenges in the European automotive industry.
Thousands of job cuts on the way across struggling sectors in Europe
The latest redundancy plans come from German car parts maker Schaeffler and French grocery chain Auchan. #EuropeNews
German car parts supplier Schaeffler to cut 2,800 jobs in Germany
Germany's auto sector is facing more misery as car parts manufacturer Schaeffler has announced it is cutting thousands of jobs and closing plants.
Michelin to close two French plants in latest blow to Europe's auto sector
By Dominique Patton PARIS (Reuters) -Tyre maker Michelin plans to close two of its French factories, affecting about 1,250 workers, it said on Tuesday as Europe's embattled automotive sector comes under increasing pressure.
Michelin Plans to Cut Around 1,250 Jobs With Closure of Two French Factories
The automotive manufacturer said it would shut down its production sites in Cholet and Vannes by early 2026 at the latest.
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Schaeffler Layoffs: Firm To Fire 4,700 Employees In THIS Region
According to the report, Schaeffler's cost-cutting measures, which aim to save around 290 million euros annually by 2029, ...
Schaeffler to lay off 4,700 employees in Europe as market challenges mount
This decision is part of a move to bolster the company's long-term competitiveness in a “challenging market environment”.
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German car parts maker Schaeffler to cut 4,700 jobs, close 2 sites
German machine and car parts maker Schaeffler said on Tuesday it planned to lay off 4,700 people in Europe after its ...
Thousands of jobs to go at German car parts maker Schaeffler
The company is downsizing at 10 locations in Germany and five other sites in Europe, further illustrating the challenges facing the European car industry.