Post by ginnyg2 on Oct 7, 2024 9:36:49 GMT
www.msn.com/en-gb/cars/news/another-car-company-in-crisis-800-employees-will-be-laid-off/ar-AA1rOhND?ocid=msedgntp&pc=U531&cvid=ea6cbd21ba124d69bb2f6815f4940182&ei=11
Schaeffler, one of Germany's largest automotive component manufacturers, is set to lay off 800 employees from its plant in Cristian, Romania, by the end of this year.
This decision comes in response to significant financial challenges caused by the severe economic downturn in Germany, which has directly impacted operations in Romania, according to Ziare.
The Cristian factory, heavily reliant on orders from Germany, has faced disruptions since summer 2023. Nearly 1,000 workers were placed on temporary unemployment for two months, highlighting the economic struggles faced by both the company and the region.
According to BizBrașov, Schaeffler’s reliance on German demand has left the plant vulnerable as Germany’s economy faces ongoing instability.
Schaeffler, one of Germany's largest automotive component manufacturers, is set to lay off 800 employees from its plant in Cristian, Romania, by the end of this year.
This decision comes in response to significant financial challenges caused by the severe economic downturn in Germany, which has directly impacted operations in Romania, according to Ziare.
The Cristian factory, heavily reliant on orders from Germany, has faced disruptions since summer 2023. Nearly 1,000 workers were placed on temporary unemployment for two months, highlighting the economic struggles faced by both the company and the region.
According to BizBrașov, Schaeffler’s reliance on German demand has left the plant vulnerable as Germany’s economy faces ongoing instability.
