Automotive supplier Schaeffler to cut 4700 jobs mostly in Europe
November 06, 2024
Another indicator of the automotive industry’s struggle was that German automotive supplier Schaeffler announced plans to cut 4,700 jobs across Europe. The layoffs, primarily targeting ten sites in Germany and five additional European locations, will unfold between 2025 and 2027, with two site closures also confirmed. Schaeffler joins the ranks of automotive companies turning to […]