Parts supplier cuts thousands of jobs

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.
German car parts maker Schaeffler to cut 4,700 jobs, close 2 sites
German machine and car parts maker Schaeffler said on Tuesday it planned to lay off 4,700 people in Europe after its operating profit almost halved in
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.
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
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