Date: 2013-08-01

Schaeffler to Cut Wheel Bearing Production in Germany

Schaeffler AG plans to phase out production of wheel bearings at its factory in Schweinfurt, Germany, eliminating 576 jobs because of high costs and tough competition.

Manufacturing of the components at the plant will wind down over the next two to three years, according to a company spokesperson, who added the move comes after Schaeffler didn

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