Schaeffler

Schaeffler is launching a large-scale job-cut program and plant closures because its business supplying parts for internal combustion engines is shrinking sharply and demand for components for electric vehicles in Europe is not sufficient to compensate. The takeover of Vitesco has made Schaeffler a supplier of e-axles, but subsidy policy and charging infrastructure are slowing the hoped-for ramp-up of e-mobility. High production costs in Germany and rigid collective-bargaining structures are intensifying the need to adapt and concentrating the burden on domestic sites. » More on faz.net

Schaeffler announces the closure of four German sites (Dortmund, Morbach, Berlin, Schwalbach) and a global reduction of 3,460 jobs, of which 2,660 are in Germany, to save around €300 million annually from 2030. The company cites the persistently difficult market environment in the automotive business, high labor costs in Germany and overly complex organizational structures as reasons, and estimates program costs of €480 million. Schaeffler is also demanding a wage concession to be negotiated with the union; the works council and IG Metall criticize the approach and demand a future plan for its German operations. In the most recently reported quarter, operating profit fell to €245 million, with business in internal-combustion engine parts particularly weak. » More on tagesschau.de

If 1,000 EUR had been invested in Schaeffler shares three years ago, the stake would be worth 1,154.76 EUR today after a price rise from 5.04 EUR to 5.82 EUR (as of 27 Oct 2026), representing a performance of +15.48%. The calculation does not account for stock splits or dividends. The current market capitalization is around 5.50 billion euros. » More on finanzen.net

Schaeffler has opened its first global flagship factory for humanoid robots in Taicang, where a closed production and training system produces six human-like robots that manufacture parts for new robots. The project is intended to demonstrate scale effects but currently runs only in small volumes; the factory starts with 40 employees and is expected to grow to more than 100. Schaeffler received local subsidies in the mid-single-digit million-euro range and recorded incoming orders in humanoid robotics of around €400 million, but sees the technology still in early, often politically driven application phases. At the same time, the crisis in the Chinese electric car market is weighing on Schaeffler (a €240 million write-down), prompting the group to seek closer cooperation with Chinese automakers. » More on faz.net

Schaeffler is seeing higher demand for the phased-retirement program launched in August: instead of the expected 1,300 employees, 1,800 employees (born in 1971 or earlier) have already signed up. The voluntary program to reduce 4,700 positions, running since 2024, is also progressing faster than planned; by 30 September 2026, 3,715 positions have been reached, and the target is now expected by the end of 2028 instead of the end of 2029. The expected savings of €290 million are likely to be exceeded by about 20%, allowing provisions of €84 million to be released. » More on n-tv.de