14 Hrs
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الاقتصادية
Source: الاقتصادية
14 Hrsالاقتصادية
Source: الاقتصادية
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The German auto-parts supplier Schaeffler announced plans to cut around 3,500 jobs and close five sites in Europe—four in Germany and one in Belgium. The cuts will also affect sites in France and Slovakia. The company cited Chinese competition, rising labor costs, weak demand for combustion-engine vehicles, and slower-than-expected growth in the electric-vehicle market. Schaeffler aims to complete the job cuts by 2028 and expects annual savings of around €300 million from 2030 onward.
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