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German Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes

Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains.

By: financialpost.com

Nov 05 2024
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German Parts Maker Schaeffler to Cut 4,700 Jobs on Auto Woes

(Bloomberg) — Schaeffler AG will cut about 4,700 jobs in Europe and close two sites as a deepening slump at Volkswagen AG and other German carmakers ripples through their supply chains. Read More

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Inflation is down, wages are up. Why are Canadians still frustrated with the economy?