Schaeffler, a German automotive supplier, plans to cut 4,700 jobs across its European operations. The company announced this decision on November 5, in response to the challenging market environment ...

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Some positions will be relocated, lowering the overall net reductions to 3,700, or roughly 3.1 per cent of the company’s workforce. Schaeffler and other German parts makers have seen sales sag amid a ...

German machine and car parts maker Schaeffler said on Tuesday it planned to lay off 4,700 people in Europe after its operating profit almost halved in the third quarter, while also closing down two ...

German car parts maker Schaeffler announced Tuesday that it will cut 4,700 jobs in Europe, citing challenges in the automotive industry. "The decision comes in response to the challenging market ...

Germany's auto sector is facing more misery as car parts manufacturer Schaeffler has ... Meanwhile, a study published last week by the German Association of Automobile Manufacturers (VDA ...

German auto parts manufacturer Schaeffler said it would cut thousands of jobs across Europe as part of a restructuring program aimed at boosting its competitiveness in a challenging market.

Some positions will be relocated, lowering the overall net reductions to 3,700, or roughly 3.1% of the company’s workforce. Schaeffler and other German parts makers have seen sales sag amid a downturn ...

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