German car parts manufacturer Schaeffler has announced plans to lay off approximately 4,700 employees at its European plants as part of a restructuring program aimed at maintaining long-term competitiveness. The layoffs will impact ten factories in Germany and five others across Europe including two in the Czech towns of Lanškroun and Svitavy. The company employs … Continue reading German car parts maker Schaeffler to cut 4,700 jobs across Europe to ‘preserve competitiveness’