{
  "id": 17930129,
  "title": "Crisis in the automotive industry: Schaeffler cuts thousands of jobs and closes factories",
  "url": "https://urgent.news/2026/11/03/krise-der-autoindustrie-schaeffler-streicht-tausende-jobs-und-schlie",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T07:41:46.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/politik/deutschland/krise-der-autoindustrie-schaeffler-streicht-tausende-jobs-und-schliesst-werke/100266863.html"
  },
  "original_language": "de",
  "account": "Schaeffler is implementing a new cost-cutting program, which includes cutting 3,460 jobs in Europe, 2,660 of them in Germany. The company plans to close four German sites: Dortmund, Morbach, Berlin, and Schwalbach, with some employees set to move to the Frankfurt site. The measures, aimed at addressing the European automotive crisis, are expected to improve Schaeffler's annual results by €300 million from 2030, at a one-time cost of around €480 million. The job cuts affect 16 sites in Europe, with 50% of the reductions in production, 30% in research and development, and 20% in other areas.",
  "summary": "Dortmund, Morbach, Berlin, Schwalbach: Schaeffler wants to close four German locations and cut thousands of jobs. Which plants and areas will the austerity measures affect?",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}