Date: 2013-08-01

Schaeffler to cut about 750 jobs

German union IG Metall said on Sunday that car parts supplier Schaeffler planned to cut about half of the 1,500 jobs at a west German facility.

Schaeffler, a family-owned company, informed staff representatives and IG Metall about the planned lay-offs at its Wuppertal-based site on Friday, the union said.

IG Metall has urged the management of Schaeffler, which holds nearly 50% of tyre manufacturer Continental, to negotiate alternative steps to prevent the job losses.

Staff representatives will brief workers at the site on Monday before making press statements. Schaeffler could not be reached for comment on Sunday.

Europe

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