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Schaeffler announces new performance improvement program: 3,460 job cuts in Europe, closure of four German plants

Schaeffler announced a new performance improvement program that will cut a net 3,460 positions in Europe, including about 2,660 in Germany, and close five sites including Dortmund, Morbach, Berlin and Schwalbach (four in Germany).

Part of the event: Schaeffler announces 3,460 job cuts in Europe and plant closures

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