Schaeffler Reduces Workforce

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Board of Managing Directors adopts additional structural measures to further transform the Schaeffler Group and strengthen competitiveness / Plans include net workforce reduction by 4,400 in Germany and Europe by the end of 2022, focusing mainly on twelve locations in Germany and two elsewhere in Europe

Global automotive and industrial supplier Schaeffler today announced measures that continue to build on changes initiated in 2018. Back then, in recognition of looming technological and regulatory developments and changing customer requirements, the company began adjusting its European production footprint in order to streamline its structures and align them more closely with divisional requirements. As part of that process, the company downsized its footprint in the United... ... More: Official Press Release Schaeffler AG

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Schaeffler, supplier, jobs, worfforce, reduction, measures, structural, transformation, competitiveness, Germany, Europe