Schaeffler Cuts 3460 Jobs and Closes Four Plants in Germany
14 Articles
14 Articles
Kreiszeitung
Schaeffler cuts another 3460 jobs and closes four German locations – while the Group wants to save millions, IG Metall warns against the consequences for the industrial location.
Auto supplier Schaeffler has announced a further austerity program with massive cuts in employment. The supplier suffers from less demand for parts for internal combustion engines.
The German car industry continues to fall, not only among manufacturers, but also among suppliers. This is confirmed by reports from BMW and its supplier Schaeffler. BMW significantly reduces profit prospects In June, BMW published a profit warning. The EBIT margin in the Automotive segment should be in the corridor of [...] The post BMW with a new profit warning – Schaeffler closes 4 locations in Germany appeared first on financial marketwelt.d…
One of the most important players in the horizontal car industry in Romania is to fire over 3,500 employees and close for the first time four factories. It is the German company Schaeffler that realizes components for the European car industry, industry that currently has great problems with imports from China where Schaeffler has no contracts [...]
German automotive supplier Schaeffler is stepping up its cost-cutting campaign by cutting an additional 3,460 jobs in Europe, including 2,660 in Germany, the German news agency (dpa) reports.
The Day in 2 Minutes keeps you up-to-date with important news.
Coverage Details
Bias Distribution
- 83% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
