Schaeffler is restructuring: German activities under a new roof

D as announced the company on Monday (1.2.). The company, which was heavily indebted after the Conti takeover, is gradually seeking access to the capital market.

FAG and INA bundled under one roof

In Schaeffler Technologies are essentially the former FAG and the INA part of the company, as a company spokesman said. The company includes almost 20,000 of the approximately 26,500 employees at Schaeffler's German locations. The company employs around 62,000 people worldwide.

There will be no disadvantages for Schaeffler Technologie employees. 'All rights and obligations of the old company are transferred to Schaeffler Technologies - including the collective bargaining agreements and other agreements with the trade unions,' emphasized the spokesman. The change does not play a role for the customers either. According to company law, the auto supplier will in future be run as a GmbH & Co KG, announced Schaeffler.