Germany: Schaeffler cuts 3,460 jobs and requests temporary wage “solidarity contribution”

An article by Thomas Schnee

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6 November 2026 à 10h03

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2 minutes

Publication: 6 November 2026 à 10h03

Reading time: 2 minutes

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An article by Thomas Schnee

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Publication

6 November 2026 à 10h03

Reading time

2 minutes

Publication: 6 November 2026 à 10h03

Reading time: 2 minutes

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The news. On 3 November 2026, German automotive supplier Schaeffler announced a new “earnings improvement programme”, entailing the net reduction of 3,460 jobs in Europe by 2028 (2,660 in Germany), or 3.1% of its workforce.

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Article authors
Featured image of the article Thomas Schnee
Thomas Schnee Correspondent in Germany
Featured image of the article Thomas Schnee

As a Berlin correspondent for the French and Swiss press since the late 1990s, I cover a wide range of economic, political and social issues, with a particular focus on the German business and labour market. My areas of interest include co-determination, digitalisation, demographics and ESG/DEI policies.

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