Supplier Schaeffler to cut 4,400 jobs, close or sell plants in Europe
Auto September 9, 2020, 0 Comment 6Most of the job reductions will take place at a dozen facilities in Germany and two sites elsewhere in Europe. Plants in Wuppertal, Eltmann and Clasthal-Zellerfeld will be shut or shopped to other companies, with the cuts expected to save the company as much as $354 million a year.
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