Schaeffler to eliminate thousands of jobs and close factories
Automotive and industrial supplier Schaeffler announced plans to eliminate nearly 3,500 jobs across Europe, with approximately 2,600 of those cuts occurring in Germany. The company also stated that it will be closing four facilities within Germany.
While Bavaria is not directly affected by the factory closures, the toolmaking operations at the Höchstadt location will be discontinued. Adjustments are planned for the special machine construction divisions in Erlangen and Schweinfurt. Further capacity and structural adjustments are also anticipated for locations in Herzogenaurach, Nuremberg, and Regensburg.
Schaeffler attributes these cost-cutting measures to the ongoing automotive crisis in Europe and above-average personnel costs per employee in Germany.
Source
“Schaeffler baut Tausende weitere Jobs ab”
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