Schaeffler Plans Job Cuts, Site Closures as Auto Demand Falters
The restructuring targets production and research jobs as Schaeffler seeks 300 million euros in annual savings from 2030.
- On March 11, 2026, Schaeffler announced 3,460 job cuts and five site closures by 2028, affecting 3% of its 110,000 global workforce and generating €300 million in annual savings from 2030.
- Management cited a "persistently challenging environment in the automotive industry," noting market downturns, intensifying competition from Chinese manufacturers, and weakened demand for internal combustion engines driving the restructuring.
- Three-Fourths of cuts and four site closures will occur in Germany, including Berlin and Dortmund, with the company pointing to "above-average" costs for workers in Europe's top economy and focusing cuts on production and research and development.
- Schaeffler will also shutter a site in Belgium and reduce headcount in France and Slovakia, while offsetting some job losses by creating positions in "future-oriented fields" such as humanoid robotics and defence.
- These reductions mirror broader German automotive industry struggles; Bosch announced 13,000 job cuts last year, while Volkswagen plans to cut around 120,000 jobs by 2030, underscoring the sector's deepening crisis.
206 Articles
206 Articles
Another 750 job cuts have been announced in Germany. The layoffs are due to the crisis in the automotive industry and increasing competition from China.
A further 750 jobs are to be lost in Abstatt. Bosch calls the growing price pressure from Asian suppliers – and describes the impact of the change in braking systems.The world's largest car supplier Bosch tightens its savings rate at Abstatt (Heilbronn district) and cuts off additional jobs. In the mobility sector, a further 750 jobs are being cut there, as the company announced. The removal of jobs is to be completed by the end of 2029 and is t…
By the end of 2029, 750 jobs should be lost in Abstatt. Bosch points to declining demand in Europe and new suppliers from Asia – but which areas at the site are affected at all?
German industrial giant Schaeffler, which has established itself as one of the largest manufacturers of automotive components and industrial equipment worldwide, has announced the launch of a new restrictive cost-cutting program. The restructuring strategy foresees the dismissal of 3,460 employees across Europe, with 2,660 jobs to be eliminated in Germany alone and the permanent closure of four production plants. The affected positions in the Ge…
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.
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