Suppliers

Schaeffler to cut 1,300 jobs as auto industry goes electric

(Reuters)
R
By:
Reuters
November 08, 2022 10:05 AM

German supplier Schaeffler plans to cut 1,300 jobs, or 1.6 percent of its global workforce, as the sector grapples with the shift from combustion engines to electric vehicles, the company said in a statement.

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