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Germany

Schaeffler completes earnings improvement program with 1,800 new partial retirement agreements

On October 12, the Schaeffler Group announced that it has achieved earlier-than-expected completion of the structural measures announced in November 2024. As part of the measures, Schaeffler had planned to cut 4,700 positions by the end of 2029.
By September 30, 2026, the group had already cut 3,715 positions (around....

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