Schaeffler to cut a net 3,460 jobs in Europe and close five sites

The German auto and industrial supplier announced a new cost program on November 3, with most cuts in Germany and most measures in 2027 and 2028.

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- Roughly half the positions are in production, 30% in R&D and 20% in other functions.
- Closures: Dortmund (about 430 employees), Morbach (about 160), Berlin (about 270), Schwalbach, and Herstal, Belgium (about 15).
- Capacity changes also at sites in France and Slovakia.
- Most one-time costs to be recognized as restructuring provisions in 2026.
- Measures mainly scheduled for 2027 and 2028.
- Follows 1,800 partial-retirement agreements concluded in early October 2026.
- CEO Klaus Rosenfeld said the program will consolidate locations and bundle technological expertise in selected regional clusters. The release also mentions a temporary, voluntary pay reduction starting with the management board, with details still to be worked out.

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