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Schaeffler: industrial restructuring in Europe

This dossier follows Schaeffler’s European restructuring plans, their employment impact and implementation.

Last updated : 1 key moments
Schaeffler headquarters in Herzogenaurach, archive.
2006 archive; not a site announced for closure. Schaeffler KG, public domain; unchanged. — Schaeffler KG / Wikimedia Commons — domaine public, autorisation VRT 2007101610005246 ; archives 2006, sans modification.

Where things stand

Schaeffler announced on 3 November 2026 a plan to cut a net 3,460 jobs in Europe, including about 2,660 in Germany. Five sites are set to close, four in Germany and one in Belgium.

Confirmed

Schaeffler plans 3,460 job cuts and five site closures in Europe

Schaeffler announced on 3 November 2026 a plan to cut a net 3,460 jobs in Europe, including about 2,660 in Germany. Five sites are set to close, four in Germany and one in Belgium.

Schaeffler headquarters in Herzogenaurach, archive.
2006 archive; not a site announced for closure. Schaeffler KG, public domain; unchanged. — Schaeffler KG / Wikimedia Commons — domaine public, autorisation VRT 2007101610005246 ; archives 2006, sans modification.

The measures affect 16 locations and are intended to be implemented mainly in 2027 and 2028. They also include capacity adjustments in France and Slovakia, according to the group.

The supplier cites a difficult automotive market and slower-than-expected growth in electric mobility. It targets about €300 million in annual earnings improvements from 2030, with €480 million in one-off costs. These savings are a target; the group plans consultations with employee representatives.

Sources 3