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Schaeffler Group to Cut 3,460 Jobs in Europe, Including 700 in Slovakia

včera 9:55
Herzogenaurach, 3 November (TASR) - Germany's automotive and industrial components manufacturer Schaeffler will lay off around 700 employees at its plants in Slovakia as part of cost-saving measures that will cut 3,460 jobs in Europe, including 2,660 in Germany, TASR reported on Tuesday, citing press releases issued by the Schaeffler Group and Schaeffler Slovakia. According to Miroslav Janota, Head of the Slovakia, Czech Republic & Eastern Europe Subregion at Schaeffler, the measures aimed at improving the group's financial performance will affect the plants in Kysucke Nove Mesto (Zilina region) and Skalica (Trnava region). In Slovakia, the company employs around 7,000 people. "The situation will affect approximately 700 employees in both production and non-production positions," said Janota, adding that measures at the Slovak plants related to bearing production are planned over a four-year period from 2027 to 2030. jrg
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