Schaeffler Expects 2029 Savings Above €290 Million by More Than 20%
Schaeffler said it expects savings in 2029 to exceed €290 million by more than 20% and will write back €84 million in surplus restructuring provisions. It expects to complete planned job cuts by 2028; about 1,768 new partial retirement agreements add an approximately €55 million 2029 earnings effect.
Schaeffler AG expects to finish its planned job cuts by 2028. The company forecasts that savings in 2029 will exceed €290M by more than 20% and plans to write back €84M in surplus restructuring provisions. About 1768 new partial retirement agreements are expected to have an earnings effect of ~€55M in 2029.