Schaeffler to cut up to 750 jobs at German plant, union says


German union IG Metall said that supplier Schaeffler plans to cut up to half of its 1,500 jobs at a facility in western Germany.

Schaeffler, a family-owned company, informed staff representatives and the IG Metall about the planned layoffs at its Wuppertal-based site last Friday, the union said.

IG Metall has urged the management of Schaeffler, which holds a near-50 percent stake in parts and tire maker Continental, to negotiate alternative steps to prevent the dismissals.