Day: November 5, 2024

Schaeffler Layoffs: German Auto Parts Manufacturer To Lay Off 4,700 Employees in Europe Amid Drop in Operating ProfitSchaeffler Layoffs: German Auto Parts Manufacturer To Lay Off 4,700 Employees in Europe Amid Drop in Operating Profit

New Delhi, November 5: Schaeffler will reportedly lay off 4,700 employees across Europe, following a significant drop in its operating profit. The German auto parts manufacturer, which supplies components to