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Germany, Schaeffler
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.
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.
Germany's Schaeffler announces 4,700 jobs to be cut
German industrial and automotive supplier Schaeffler announced on Tuesday plans to cut 4,700 jobs in Europe, one month after its merger with Vitesco. The company said that 2,800 of the jobs to be cut are in Germany.
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
5d
on MSN
Can VW's bet on Brazil help as sales in Germany, China fall?
VW is confronting a severe crisis in its key European and Asian markets, with plummeting sales and profits, but its business ...
2d
on MSN
VW cost cutting necessary after 'decades of structural problems', CEO tells paper
"The weak market demand in Europe and significantly lower earnings from China reveal decades of structural problems at
VW
," ...
8d
VW eyes closing three German factories in cost-cutting push
Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to ...
The Economist
5d
Volkswagen’s woes illustrate Germany’s creeping deindustrialisation
T he spectre of deindustrialisation has long haunted Germany. Russia’s full-scale invasion of Ukraine in 2022 caused energy ...
8d
Labour leaders vow to fight VW factory closure plans in Germany
Volkswagen intends to close at least three plants in Germany and cut tens of thousands of jobs, the leader of the firm's ...
19h
on MSN
Why is Volkswagen so important for Germany?
The crisis around Volkswagen hits at the very heart of German engineering excellence. It's hard to be more German than ...
DPA International on MSN
8d
VW plans major cutbacks in Germany: 'We cannot continue as before'
Car giant Volkswagen intends to close at least three plants in Germany and cut tens of thousands of jobs, the leader of the ...
8d
VW labour chief sounds alarm on mass layoffs and three German plant closures
Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining ...
Politico Europe
6d
‘Brutal’ results for VW turn political in Germany
Germany’s top carmaker faces a financial bloodbath — and that means trouble for the government. Volkswagen Group posted grim ...
6d
on MSN
How the VW crisis is a failure of Germany's car policy
Volkswagen, Europe's biggest carmaker, is in the midst of a severe sales and cost crisis that it says requires plant closures and layoffs. Talks to rescue VW have started, but could Germany's car ...
Transport Topics
8d
VW Plans to Close Three German Factories
Volkswagen AG plans to close at least three factories in Germany as Europe’s biggest automaker tries to slash expenses to ...
Daily Wrap on MSN
2d
VW crisis sparks rural turmoil amidst closure fears in Germany
Deutsche Welle writes that when Europe's largest car manufacturer weakens, it can become a problem for many suppliers and, ...
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