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

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.

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

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

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 ...

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

German car parts manufacturer Schaeffler has announced a significant reduction in its workforce, revealing plans to cut 4,700 jobs across Europe due ...

Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German ...

Michelin and Schaeffler said they plan to close factories and cut thousands of jobs in Europe as car-part suppliers reel from ...

Schaeffler announces 4,700 job cuts across Europe after a 44.9% drop in Q3 profits, citing challenges in the automotive ...