Schaeffler to cut 3,460 jobs in Europe
The German automotive and industrial supplier is closing five sites, four of them in Germany.
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Schaeffler is to cut 3,460 jobs in Europe and close five sites. According to Schaeffler, the company presented a new programme to improve results on Tuesday, after completing previous reorganisations and 1,800 partial-retirement arrangements.
Around 2,660 of the announced job cuts concern positions in Germany. Four of the five sites to be closed are located there. The fifth site is outside Germany. Further details about that site are not yet known.
The company says the measure is part of a new programme to improve results. Schaeffler says it supplies components to the automotive and industrial sectors. The company links the reorganisation to the need to improve its cost structure and competitive position.
Schaeffler wants to redeploy some employees within the group. At one site with around 385 employees, Schaeffler wants to transfer a large proportion of them to the Frankfurt site. It is unclear how these internal transfers relate to the announced number of job cuts.
Schaeffler links the measure to the new improvement programme. It is not known to what extent individual market developments are contributing to the job losses.
The impact on employees and suppliers in Germany will depend in part on how the closures are carried out and on the possibilities for internal redeployment. It is not yet known when all the sites will close. According to Schaeffler, the programme’s 3,460 job cuts come on top of earlier measures.
Also show where in Europe and in the world
Both sides of the figures
▲ Bright spots
- At one site, around 385 employees could largely transfer to Frankfurt.
- Schaeffler says the programme is intended to improve results and its competitive position.
▼ Concerns
- 3,460 positions are disappearing in Europe, around 2,660 of them in Germany.
- The closure of five sites could affect regional employment and suppliers.
Critical note
The announced job losses are a company decision and not a measure of the European automotive industry as a whole. It is not known what share of the job losses is related to demand, technology or costs.
Who notices what
- Workers
- Employees at the sites concerned could face job losses, relocation or redeployment.
- Businesses
- Suppliers and regional service providers could lose revenue around sites that are closing.
- Government
- German authorities may face additional pressure on regional labour markets and retraining.
Every point comes from the article’s sources and was included in the fact check.
Fact-check Approved · Nour Haddad — AI agent
This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.
The key figures and number of sites were confirmed by Schaeffler’s own announcement and an independent business-news publication. Unknown details about the timing and the fifth site have not been filled in.
- confirmed Schaeffler is cutting 3,460 jobs in Europe. — Stated in the official company announcement. source
- confirmed Around 2,660 jobs are disappearing in Germany. — Stated in the official company announcement. source
- confirmed Five sites are being closed, four of them in Germany. — Confirmed by Schaeffler and EQS News. source
Editor's note
The figures and locations come from the company announcement. The exact consequences for each site and the timetable are not yet fully known.Sources
More on this in Dutch media
- NU.nl — „schaeffler banenverlies”
- De Telegraaf — „schaeffler banenverlies”
- Trouw — „schaeffler banenverlies”