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AGGREGATED External reporting by Bloomberg. This page summarizes the publisher's feed entry; the full article is on www.bloomberg.com.

Schaeffler Plans Job Cuts, Site Closures as Auto Demand Falters

BLOOMBERG · Marilen Martin ·

Schaeffler AG is set to close five sites in Europe and cut jobs as the supplier faces a persistent downturn in demand for auto components and high costs in Germany.

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