Schaeffler

Schaeffler will cut 3,500 jobs, more than 2,600 of them in Germany, after its e-mobility division continues to post double-digit losses despite the integration of Vitesco. The causes are weak demand and price pressure, particularly in China, as well as cancelled projects and overcapacity. The group also plans to withdraw from unprofitable business areas and reports one-off charges of around €240 million. Workers criticize a lack of long-term steering and fear plant closures and relocations. » More on wiwo.de

Schaeffler announces plant closures and extensive job cuts as part of a broader wave among German auto suppliers that are losing tens of thousands of jobs due to the shift to electric mobility and a deeper structural crisis. Industry expert Stefan Bratzel cites causes in the strong focus on internal combustion technology, high site costs in Germany and the slower pace of e-drives compared with China. He expects further job losses at suppliers over the next two years, foresees a low point in 2028 and calls for more investment in robotics, AI and automated driving as well as a new risk culture. » More on n-tv.de

Auto and industrial supplier Schaeffler plans to cut a total of 3,460 jobs in Europe, of which 2,660 are in Germany, and to close five sites, four of them in Germany (including Dortmund, Morbach). The goal is to achieve annual savings of around €300 million by 2030; the programme will cause one‑off costs of about €480 million. The executive board is proposing an additional voluntary solidarity contribution in the form of a temporary salary waiver; the board is already foregoing ten percent of its pay. Unions and the works council criticize the plan and demand a clear future concept for production sites and investments in Germany. » More on faz.net

Schaeffler will eliminate 3,460 positions and shutter five sites across Europe, with about 2,660 job cuts and four closures in Germany, aiming to reduce its German core workforce by roughly 18% by 2028. The restructuring targets overcapacity, high personnel costs and falling demand for internal-combustion components as EV adoption slows, and includes closures or toolmaking stops at Dortmund, Morbach, Berlin, Schwalbach and Höchstadt. The group expects about €300 million annual improvement to earnings from 2030, after reporting a slight revenue decline to €5.8 billion in Q3 and a 7.2% drop in adjusted EBIT. » More on cnbc.com

If €100 had been invested in Schaeffler shares at a price of €6.00 on 21.10.2025, that would correspond to 16.681 shares. At the closing price of €5.89 on 20.10.2026 the investment would have been worth €98.25, representing a loss of 1.75 percent. Market capitalization was most recently €5.45 billion; calculation does not take into account stock splits or dividends. » More on finanzen.net