German of the day: Streichen. That means to cut. As in jobs.

‘Industry crisis’: Germany’s auto sector faces fresh cuts as Schaeffler axes 3,460 jobs and eyes defense – Car parts maker Schaeffler said Tuesday it would cut 3,460 jobs and shutter five of its sites across Europe, blaming an “automotive industry crisis” amid a struggle against economic headwinds, overseas competition and technological change.
Approximately 2,660 of the jobs and four of the five sites affected are in Germany, including Schaeffler’s plants in Dortmund and Morbach, which manufacture products for internal combustion engines. Operations will also be discontinued at its Berlin and Schwalbach sites, and toolmaking will cease at Höchstadt. Capacity will be adjusted in Haguenau and Toulouse, France, as well as Skalica and Kysuce in Slovakia.








