Schaeffler Implements Package of Measures

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Guidance for the year 2020 has been suspended / A package of measures is being implemented to manage the crisis / New guidance will be issued at a later date

Due to the worldwide spread of the corona crisis and the resulting measures and restrictions, the Management Board of Schaeffler AG today suspended the guidance for the 2020 financial year for the Schaeffler Group and its divisions that was published on March 10, 2020. From today’s perspective, neither the further course of developments nor the economic implications can be reliably estimated. A new guidance will be issued once this is possible. The package of measures designed to adjust capacities in Germany and Europe (particularly in the automotive sector) to the decline in demand that was finalized in... ... More: Official Press Release Schaeffler

Keywords:

Schaeffler, guidance, 2020, jobs, supply chain, customers, corona, COVID-19