Category: Official Press Release

German automotive supplier Schaeffler resorts to short-time work

BERLIN, Sept. 2 (Xinhua) — German automotive and industrial supplier Schaeffler has reduced working time by an average 25 percent for about 250 of its 500 employees in the special machine construction sector at its Erlangen-Frauenaurach location, the company announced on Monday.
Schaeffler did not specify how long the new regime would last. The measure would be in effect “until further notice,” a company spokesperson said.
Last week, Schaeffler announced that as of Dec. 1, contracts of employees whose working hours had been increased from 35 to 40 hours per week would be reduced to the agreed 35-hour week.
Back in March, the company had presented an efficiency program that included the possibility of short-time work for its employees. At the time, Schaeffler had also said that it would cut 700 jobs in Germany.
According to Schaeffler, the measures were the result of a number of external and internal factors that had led to a significant weakening of the EBIT (earnings before interest ..

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Kia Motors posts global sales of 228,871 units in August

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DENSO to showcase new technology at IAA 2019, featuring hardware and software solutions to accelerate future mobility

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One small step for a woman, one giant leap for an electric car

1. All information offered on Porsche Newsroom, including but not limited to, texts, images, audio and video documents, are subject to copyright or other legislation for the protection of intellectual property. They are intended exclusively for use by journalists as a source for their own media reporting and are not intended for commercial use, in… Continue reading One small step for a woman, one giant leap for an electric car