Automotive: equipment manufacturer Schaeffler will cut 3,460 jobs and close five sites in Europe
The European auto industry continues to suffer from weak demand for vehicles, competition from China and a difficult transition to electric vehicles. Schaeffler announces a new workforce reduction program, more than…
To save an article you must be connected, so you can view them on all your devices.
The European auto industry continues to suffer from weak demand for vehicles, competition from China and a difficult transition to electric vehicles. Schaeffler announces a new workforce reduction program, more than three quarters of which are in Germany, and the closure of five European sites.
The German equipment manufacturer Schaeffler announced on Tuesday the elimination of 3,460 jobs in Europe, more than three quarters of which in Germany, as well as the closure of five sites on the Old Continent, in the face of the crisis shaking the automobile industry.
The company, which employs some 110,000 people worldwide, justified in a press release this new program of cuts in its workforce in particular by increased competition, a slowdown in demand for thermal vehicles and the delay in electromobility.
Machine-translated from French
Not cross-checked yet
Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
- Le Figaro3 Nov, 09:22
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.