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

Schaeffler AG

12/10/2026 13:24

Oct 12 (Reuters) - 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
Source text: ID:nEQ1Dkhnra
Further company coverage: [SHA0n.DE]

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