Schaeffler announces further structural measures

Wind Industry Profile of

Board of Managing Directors decides on further structural measures to address overcapacity and reduce fixed costs, particularly in the Automotive Technologies division / Cutting of 1,300 positions worldwide, including around 300 at locations outside Germany / Expected potential savings of EUR 100 million annually, to be largely achieved by the end of 2026 / Socially responsible implementation on basis of Future Accord / Further strengthening of German locations through investment in future technologies

In view of the rapidly changing market environment and the accelerating transition taking place in the drive technologies segment, the Board of Managing Directors of Schaeffler AG has decided on additional restructuring measures aimed primarily at further boosting competitiveness... ... More: Official Press Release Schaeffler AG

Keywords:

Schaeffler, structural measures, supplier, market, jobs, loss, adjustment, Germany, efficiency, investment