www.oradesibiu.ro/2026/11/03/gigantul-auto-care-ar

German company Schaeffler announced a restructuring plan that will eliminate 3,460 jobs across Europe, closing five locations, primarily in Germany and Belgium. The decision is driven by declining demand for internal combustion engines and rising personnel costs. The company expects to save around 300 million euros annually starting in 2030, with one-time costs of about 480 million euros. The restructuring follows a previous plan that resulted in nearly 5,000 job cuts in 2024. Schaeffler operates in Romania with four locations, but the impact of the new plan on these sites remains unclear.