Schaeffler to cut thousands of jobs

Thousands of jobs to go at German car parts maker Schaeffler
The company is downsizing at 10 locations in Germany and five other locations in Europe, further illustrating the challenges facing the European car industry. View on euronews
Parts supplier cuts thousands of jobs as Germany's auto woes deepen
Auto parts supplier Schaeffler plans to reduce its workforce and close two locations, just days after union officials warned of VW factory closures.
Schaeffler to cut thousands of jobs, hit by weak auto and industrial units
By Andrey Sychev (Reuters) -German machine and car parts maker Schaeffler on Tuesday said it planned to lay off 4,700 people in Europe after its operating profit almost halved in the third quarter, highlighting challenges in the European automotive industry.
German Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes
Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.
German Auto Parts Maker Schaeffler to Cut Thousands of Jobs
The company said it would cut thousands of jobs across Europe as part of a restructuring program aimed at boosting its competitiveness in a challenging market.
Schaeffler to cut jobs after Q3 profit nearly halves amid Europe's auto woes
(Reuters) -German machine and car parts maker Schaeffler on Tuesday said it planned to lay off 4,700 people in Europe after its core profit almost halved in the third quarter, highlighting challenges in the European automotive industry.
Schaeffler to cut 4,700 jobs as clouds over Europe's auto sector darken
Schaeffler, a German auto parts manufacturer, announced 4,700 layoffs across Europe, primarily in Germany, citing a challenging market environment and the shift to electric vehicles. The company's operating profit fell nearly in half in the third quarter,
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