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At close · Sat, Oct 31, 2026
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Earnings

Home›Earnings›Results›'Industry crisis': Germany's auto sector faces fresh c…

'Industry crisis': Germany's auto sector faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense

Reported · Written up by our desk · Results

Schaeffler will shutter five plants across Europe as it looks to compete with China on cost and pivot into defense and robotics.

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Sources

CNBC World'Industry crisis': Germany's auto sector faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense
CNBC Earnings'Industry crisis': Germany's auto sector faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense

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