Supplier Schaeffler to cut 4,400 jobs, close or sell plants in Europe
Most of the job reductions will take place at a dozen facilities in Germany and two sites elsewhere in Europe. Plants in Wuppertal, Eltmann and Clasthal-Zellerfeld will be shut or shopped to other companies, with the cuts expected to save the company as much as $354 million a year.
source https://www.autonews.com/suppliers/supplier-schaeffler-cut-4400-jobs-close-or-sell-plants-europe