newsweek.ro/international/producatorul-schaeffler-

German automotive supplier Schaeffler announced significant layoffs, affecting 3,460 employees across Europe due to the automotive industry's crisis and rising costs. Most job cuts will occur in Germany, with four factories closing. The restructuring aims to reduce the workforce by 18% by 2028, potentially saving €300 million annually by 2030. Schaeffler faces declining demand for conventional engine components and a slower transition to electric vehicles. The company is exploring new growth areas, including defense and robotics, but analysts warn these sectors may not fully offset job losses in the automotive industry.