bizbrasov.ro/2026/11/03/schaeffler-cu-fabrici-si-l

Schaeffler AG is closing five factories in Germany and Belgium, resulting in over 3,400 job losses due to declining orders. The company aims to save 300 million euros annually by 2030. The closures are a response to weak demand for combustion engine vehicles and slow adoption of electric vehicles. CEO Klaus Rosenfeld stated that these measures are necessary for competitive production in Europe. The workforce in Germany will decrease by approximately 18%, with significant layoffs planned by 2028. Schaeffler operates several facilities in Romania, employing over 8,000 people.