Schaeffler in the crisis: 200 jobs in Homburg fall away!

Schaeffler in the crisis: 200 jobs in Homburg fall away!

Homburg, Saarland, Deutschland - Schaeffler, an important car supplier based in Herzogenaurach, is facing far -reaching changes in his business. As Infranken reports, the company is planning to close its lineartechnics in Homburg, Saarland, which results in the loss of around 200 jobs. This measure is part of a structural program of measures that is intended to increase the company's competitiveness and offers itself in view of a continued weak market for industrial automation.

In addition to the changes in Homburg, the company plans a comprehensive reduction of 4,700 jobs in Europe, of which 2,800 are affected in Germany. These developments are an immediate response to the increasing competition and the doldrums in the electric car market, such as "https://www.tagesschau.de/wirtschaft/schaeffler-stellenbau-kelenbau-kelektrise-100.html"> Tagesschau . The net reduction is to be reduced to around 3,700 jobs by relocating and affects a total of ten locations in Germany and five others in Europe, two of which are to be closed.

Details for the implementation of the measures are to be announced by the end of 2024, whereby the job cuts should mainly take place between 2025 and 2027. Schaeffler expects savings of around 290 million euros to 2029 annually. This is done as part of a future agreement concluded with the IG Metall, which also provides for alternative solutions for reducing positions, such as volunteer programs and partial retirement contracts.

market situation and transformation

The current situation reflects the larger challenges that the entire automotive industry is facing. According to PwC , the industry is located in a profound structural change, which is shaped by technological progress, new competitors and political framework conditions. The transformation is not linear and requires a rethink regarding flexibility and focus. In this context, German suppliers lose increasingly international market share.

The remnants of the former strength in combustion technology are further reduced because the growth in the electric car segment remains behind the expectations. This development is particularly alarming because Schaeffler's revenue dropped by 2.6% in the third quarter, while the operating result fell over special effects by alarming 44.9%. Analysts are concerned, especially after Schaeffler's shares fell by over 3% in the early trade.

Overall, Schaeffler faces the challenge of re -evaluating his competitiveness in a rapidly changing market and taking measures to withstand the ongoing pressure through competition and technical changes.