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

- Source: Schaeffler
- Published: 2026-11-03T07:53:00.000Z
- RoboHot: https://robohot.news/en/items/szpmakw5lghjh1ynlfzjja4qh
- Original: https://www.schaeffler.com/en/media/press-releases/press-releases-detail.jsp?id=88224640&ref=rss

## Summary

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.