Schaeffler announces job cuts and site closures across Europe
Industrial and automotive supplier Schaeffler has announced further job cuts and the closure of several locations. Approximately 3,500 jobs will be eliminated across Europe, with nearly 2,700 of those in Germany. Five locations will be closed, four of which are within Germany.
Specifically, the closures will affect sites in Dortmund, Morbach (Rhineland-Palatinate), Schwalbach (Hesse), and Berlin. Locations in Bavaria will not be closed, but some will still be affected by the measures. In Höchstadt an der Aisch, Middle Franconia, toolmaking will be discontinued.
“Adjustments” are planned in special machine construction at locations in Erlangen and Schweinfurt. The “capacity and structural adjustments” will also impact sites in Herzogenaurach, Nuremberg, and Regensburg. Details will be communicated to employees in staff meetings.
The job cuts are expected to be implemented by 2028, in a socially responsible manner, according to a press release from Schaeffler. Remaining employees will also contribute a “solidarity contribution,” which includes a “temporary, voluntary salary waiver to be further elaborated,” according to the company. The salary waiver is intended for all hierarchical levels, including the executive board. Schaeffler states that without this measure, “the job cuts would be even greater.”
Source
“Automobilzulieferer Schaeffler baut knapp 3.500 Stellen ab”
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