German automotive supplier Schaeffler has announced plans to cut 4,700 jobs across its European operations, with Germany bearing the brunt of the reductions, as the automotive industry's slowdown continues to impact supply chain companies.

Schaeffler announces 4,700 job cuts in Europe

An Indian antitrust probe has found that units of Tata Steel Ltd, Sweden's AB SKF and Germany's Schaeffler AG colluded on the pricing of bearings, according to an investigation report seen by Reuters.

Indian probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices

schaeffler

Schaeffler, News on Schaeffler, stories on Schaeffler, articles on Schaeffler, Schaeffler stories at Wion, Schaeffler news, Schaeffler latest news