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

1,300 jobs
Number of planned job losses
Job loss
Announcement Date
9 October 2019
Employment effect (start)
1 November 2019
Foreseen end date
31 July 2020


Schaeffler, a leading supplier to the automotive industry, announced 1,300 job cuts in Germany. The restructuring is due to a continuing decline in orders and will impact 650 jobs in manufacturing and 650 in administration. The company is severely affected by the downward trend of the diesel market and in spring 2019 released a restructuring programme involving the cutting of 700 positions in Germany and further 900 positions worldwide. The 1,300 job cuts are additional to the 700 planned cuts and will be implemented starting 1 November 2019.

Following on meetings with the works council, all cuts will be realised based on an agreed two-sided voluntary redundancy programme, implying that no worker shall leave the company unless both the company and the worker agree to it. To make the redundancy attractive, the company is offering severance payments, partial or early retirement options. The voluntary redundancy programme will last until the end of 2020.



Eurofound (2019), Schaeffler, Internal restructuring in Germany, factsheet number 99111, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99111.