Urgent.News

What's breaking now, across thousands of outlets.

Business

Der Automobilzulieferer Schaeffler baut Tausende weitere Jobs ab – viele davon in Deutschland

Mehr als 3000 Stellen sollen in Europa abgebaut werden. Zudem will Schaeffler fünf Standorte in Europa schliessen.

Der Automobilzulieferer Schaeffler baut Tausende weitere Jobs ab – viele davon in Deutschland

Schaeffler, a major automotive and industrial supplier, is cutting thousands more jobs across Europe, with a significant number in Germany. According to the company, 3,460 positions will be eliminated, with approximately 2,660 of those in Germany. Around 50% of the job cuts impact production, while 30% target research and development, with the remaining 20% affecting other areas.

The company cites the European automotive crisis, which requires further countermeasures and structural adjustments, as the reason for these layoffs. Sixteen European sites are affected by the downsizing, and five locations will close, including the Dortmund factory with 430 employees and the Morbach site with 160 workers. Schaeffler plans to discontinue activities at the Berlin location and abandon the Schwalbach site.

Most of the 385 affected employees are expected to relocate to Frankfurt. Additionally, the tooling business at Höchstadt and capacity adjustments at Erlangen and Schweinfurt are set to be made. The company also intends to streamline operations at other German sites. Currently, Schaeffer employs around 190 people at the affected locations.

The removal of 2,660 jobs represents a reduction of about 9% over the next five years, according to Schaeffler's media release, which increases to 18% when considering previous workforce reductions. The annual profit is expected to improve by €300 million starting in 2030 due to these measures. Schaeffler CEO Klaus Rosenfeld estimates the program will cost around €480 million in one-time costs.

The company had previously announced the elimination of several thousand jobs in 2024 and 2025. The IG Metall trade union and the company's works council strongly criticized the latest cost-cutting program, stating that Schaeffler is implementing another downsizing before the consequences of the previous one have been addressed, which is not a viable future strategy for the German industrial location.

Written by urgent.news from NZZ Wirtschaft's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at nzz.ch →

More in Business

Shenzhen releases host city theme song for APEC 2026

Municipal authorities in Shenzhen released the official host city theme song and music video Meet You Where Wonders Bloom to promote regional cultural heritage ahead of APEC 2026

  • "Meet You Where Wonders Bloom" is Shenzhen's theme song for APEC 2026
  • Composed by He Muyang and performed by Jane Zhang and Joseph Zeng
  • Video highlights diverse individuals and Shenzhen's welcoming spirit

More from Tuesday 3 November →