Business● Low4d ago · Nov 4, 2026, 1:37 PM
Schaeffler smart-factory and EV-era restructuring: cut 3,460 European jobs and close five sites
GlobeAlert Desk · curated from automotivemanufacturingsolutions · united kingdom · Western Europe
Schaeffler will cut 3,460 European jobs and close five sites, four in Germany, to reduce overcapacity and reshape R&D. The plan removes 2,660 German roles by 2028, with total cuts potentially reaching 18% of its core workforce.
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