Schaeffler reaches 79% of planned job cuts and adds 1,768 partial-retirement agreements
Schaeffler said it had eliminated 3,715 of the 4,700 positions targeted under its earnings-improvement program by September 30, 2026. The company expects to complete the remaining reductions by the end of 2028, one year earlier than planned, and has also signed 1,768 additional partial-retirement agreements.
The restructuring is advanced rather than finished. Candidates should distinguish genuinely funded growth roles from replacement hiring and ask whether the specific site or function remains covered by the program. The use of partial retirement may reduce compulsory dismissals, but it also signals continued workforce contraction and tighter budgets.
