EMCC European Monitoring Centre on Change

Schaeffler

Company/Organisation:
Schaeffler

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of electrical equipment
27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
Number Employed: 32000
Group: Schaeffler

Employment Effects

Announcement Date: 20-07-2017
Type of Restructuring: Business expansion
Employment Effect Start: 20-07-2017
Foreseen End Date: 31-07-2020
Planned Job Creation: 1200

Additional Information

On 31 July 2017, the German automotive supplier Schaeffler announced it will increase its investment in electric powered drive systems and create 1,200 new jobs by 2020, doubling the number of employees working on electric drive systems.

The investment in electrification, which will be around €500 million over the next 3 years, comes as a consequence of the diesel scandal and is an effort to step into branches such as energy storage solutions, robotics and automatic driving systems.

As of August 2017, Schaeffler has 32,000 employees in Germany.

In 2015, Schaeffler had cut 500 jobs in connection with internal restructuring, and in 2016 the company created 180 new jobs as part of its relocation activities.