Browsing Tag
Klaus Rosenfeld
2 posts
Schaeffler planned 4,700 job cuts by 2029. Why will the programme now finish a year early?
Schaeffler AG has completed much of its German earnings-improvement programme earlier than planned and signed 1,768 additional partial-retirement agreements. The industrial group now expects the original 4,700-position restructuring to finish a year early while savings exceed the €290 million initially targeted for 2029.
Microsoft and Siemens introduce AI-powered Siemens Industrial Copilot
Microsoft and Siemens are set to broaden their collaboration, bringing the power of generative AI to global industries.…