Internal restructuring
Location of affected unit(s)
Germany, USA, Canada, Mexico
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

500 jobs
Number of planned job losses
Job loss
Announcement Date
9 November 2016
Employment effect (start)
9 November 2016
Foreseen end date
31 December 2019


German vehicle parts manufacturer Schaeffer have announced plans to cut 500 jobs over the next three years. This is due to a weak economic climate and poor results in the first nine months of 2016, which has seen a 5.3% drop in revenue. The move is expected to save the company in the region of € 60 million by the end of 2019. This is the second wave of reduction measures, and will cover the company’s operations in North America as well as Germany. The cuts and savings will be within Schaeffer’s industrial division. The exact location of cuts in North America has not yet been announced, but the company has operations in Canada, Mexico, and the United States that may be affected.


  • 9 November 2016: Drives N Controls
  • 9 November 2016: Reuters
  • 9 November 2016: Schaeffler (Press release)


Eurofound (2016), Schaeffler, Internal restructuring in World, factsheet number 89122, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89122.