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 ...

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 ...

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 ...

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.

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.

U.S.-based employers announced 47,999 job cuts in June, down 49% from May and down 2% from the same month last year, ...

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 ...

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 ...

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, ...