Schaeffler Adjusts Production Capacities

The increasing spread of the Corona virus in Europe has prompted global automotive and industrial supplier Schaeffler to adjust its production capacities in Germany and Europe. According to the company, the adjustment is site-specific and taking into account the respective needs in the divisions. In addition to the health and safety of employees, maintaining supply chains and supporting customers is a top priority, Schaeffler continues.

Short-time work at German locations

Together with the employee representatives and the works council representatives, Schaeffler has agreed on a package of measures to implement the adjustment as quickly, efficiently and balanced as possible. In addition to tools such as closing days, flextime accounts and company holidays, the agreed package of measures also includes the regulations on short-time work that were newly adopted due to the crisis. It applies to the entire company in Germany.

On virtual paths against the corona crisis

In view of the latest developments relating to the corona virus, events are being canceled or postponed in a row. The future can belong to digital platforms that can compensate for this development. With the "Industrial Generation Network", the Vogel Communications Group presents a solution for professionals in the industry. As a digital supplement, the platform enables extensive networking: the focus is on digital encounters and establishing contacts, as well as product presentation and thematic exchange. Tools such as making appointments and video conferences enable professionals to network, make appointments and do research close to the respective branch. The platform thus replaces the currently severely restricted face-to-face communication, especially at trade fairs.

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Coping successfully with the crisis

“The corona crisis affects us like the entire economy. At Schaeffler, we reacted quickly and consistently. With the firm will and great commitment of our employees and the entire management team, I am confident that we will successfully overcome this crisis,”says Klaus Rosenfeld, CEO of Schaeffler AG.

In addition, the Management Board of Schaeffler AG has suspended the forecast for 2020 for the Schaeffler Group and its divisions published on March 10, 2020 due to the global corona crisis and the resulting measures and restrictions. From today's perspective, neither the further course nor the economic impact can be reliably estimated, it is said. A new forecast will be given as soon as possible.