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Germany's car industry faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense

1 source1 article First seen Updated Germany Truth score 43

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Summary

Schaeffler will shutter five plants across Europe as it looks to compete with China on cost and pivot into defense and robotics.

Description from CNBC.

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  1. CNBC Center Factuality: High US
    Germany's car industry faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense

    Schaeffler will shutter five plants across Europe as it looks to compete with China on cost and pivot into defense and robotics.

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