Schaeffler to close Steinhagen site in Germany, shift production to Schweinfurt
Schaeffler AG (Schaeffler) has announced it will stop production at its Bearings & Industrial Solutions division (B&IS)’s Steinhagen site in Germany by the end of 2026, resulting in the closure of the plant and affecting around 200 employees.
The decision follows years of declining sales, high fixed costs, and increa
