Schaeffler Completes Earnings Improvement Program, Signs About 1,800 Retirement Deals

By Reuters News

- Schaeffler AG SHA0n.DE:

  • COMPLETES EARNINGS IMPROVEMENT PROGRAM WITH ABOUT 1,800 ADDITIONAL PARTIAL RETIREMENT AGREEMENTS

  • CUTS 3,715 POSITIONS BY SEPTEMBER 30, 2026

  • ON TRACK TO ACHIEVE JOB CUT TARGET BY END OF 2028

  • CONCLUDES 1,768 PARTIAL RETIREMENT AGREEMENTS BY OCTOBER 5, 2026

  • TO FORM EUR 70 MILLION ADDITIONAL PROVISIONS FOR ONE-TIME PAYMENTS UP TO 2030

  • TO WRITE BACK EUR 84 MILLION RESTRUCTURING PROVISIONS EFFECTIVE SEPT 30, 2026

Further company coverage: [SHA0n.DE]

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