Schaeffler to strengthen its plants and streamline its structures

Schaeffler AG informed that it has decided to take further steps to optimize and adapt the Schaeffler Group’s organizational and leadership structure. The Executive Board has now decided that the Bearing Components & Technologies unit (BCT), which currently functions as an internal supplier, will be dissolved and that all Schaeffler plants without a divisional allocation will become part of either the Automotive OEM or Industrial division. The dissolution of BCT means all plants will be directly allocated to the Automotive OEM or Industrial divisions, thereby integrating them more rigorously into business processes. The purpose of this realignment is to integrate the plants more closely into Schaeffler’s business processes and to give the Group’s divisions end-to-end responsibility. Schaeffler aims to announce the new organizational and leadership structure on July 1 and complete the entire realignment by the end of 2018. (From a press release on May 7, 2018)