'Industry crisis': Germany's auto sector faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense
Headline from CNBC · First reported · Updated · 2 sources, 2 articles
What's being reported
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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'Industry crisis': Germany's auto sector faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense
Schaeffler will shutter five plants across Europe as it looks to compete with China on cost and pivot into defense and robotics.
German car parts giant Schaeffler axes 3,500 jobs
Automotive supplier to close four sites in Germany as crisis engulfing country’s flagship industry deepens
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