agreement signed with the IG Metall in February, the car part manufacturer announced, in early may, that it wanted to part with 4,500 of its German employees. Those employees started breathing again this year. After a meeting with the IG Metall, Schaeffler promised job security for a year, as well as the creation, as early as possible, of a supervisory board jointly managed by the staff representatives. However, 250 million euros still need to be saved from the payroll. (Ref. 090578)
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