Article

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 plans to close four German plants. About 50% of the job cuts involve production, 30% research and development, and 20% other functions, spanning 16 sites in Europe.

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

This page provides a summary and source link only.