www.stiripesurse.ro/criza-industriei-auto-germane-

German auto parts manufacturer Schaeffler announced the elimination of 3,460 jobs and the closure of five facilities in Europe due to the automotive industry's crisis. The restructuring primarily affects Germany, with significant job cuts and factory closures aimed at improving profitability. Schaeffler is diversifying into defense, robotics, and automation to adapt to changing market demands. The company faces declining demand for conventional engine components and a slower transition to electric vehicles than expected. CEO Klaus Rosenfeld emphasized the need for the industry to reduce excess capacity and costs while exploring new growth areas.