Severance pay (Abfindung) at Schaeffler 2026: what matters now for you

Around 4,700 jobs gross across Europe, roughly 2,800 in Germany; after relocations, the net reduction comes to around 3,700 positions. Ten German sites and five more across Europe are affected, two of which are to close (sources: Schaeffler press release, 5 November 2024, Automobilwoche).

Reviewed by specialized labor lawyers · Updated: July 2026

Job cuts at Schaeffler: what’s happening right now?

Following the merger with Vitesco and amid weakness in the combustion-engine business, Schaeffler announced “structural measures” in November 2024: brutto 4,700 jobs gross across Europe, of which around 2,800 in Germany; net around 3,700 (Schaeffler press release, 5 November 2024; Automobilwoche). Implementation mainly 2025 to 2027; from 2029 the measures are expected to save around €290 million per year.

Affected sites

  • Ten sites in Germany plus five in Europe; two European sites are to close.
  • Homburg (Saarland): plant closure, around 200 jobs (fachanwalt.de).
  • Limbach-Oberfrohna (Saxony): according to Freie Presse, around two-thirds of staff must leave.
  • Schweinfurt and other sites: further adjustments.

Voluntary programmes instead of dismissals: your starting position

Under the agreed social plan (Sozialplan) and reconciliation of interests (Interessenausgleich), dismissals for operational reasons are ruled out; the cuts run through natural staff turnover, voluntary programmes, termination agreements and partial retirement, within the framework of the 2018 future agreement with IG Metall (WirtschaftsWoche). This strengthens your position: Schaeffler needs your signature. The social plan formula value is the floor, individually more is often negotiable.

Received a voluntary offer? Check it first

Points to check: the amount against the social plan formula and your profile, the risk of a benefit suspension period for unemployment benefit, the notice period (Section 158 SGB III, for long-serving metal industry staff this can quickly reach 6 to 7 months), waiver and settlement clauses, and the tax (one-fifth rule). Upload your document, the critical points are flagged within seconds, at no cost.

How we work

A no-cost initial consultation, assessment of your offer by our specialised partner law firm, and if you instruct us, negotiation funded via litigation financing, with no upfront cost risk for you. See how the cost model works.

Frequently asked questions

Around 4,700 jobs gross across Europe, roughly 2,800 in Germany; after relocations, the net reduction comes to around 3,700 positions. Ten German sites and five more across Europe are affected, two of which are to close (sources: Schaeffler press release, 5 November 2024, Automobilwoche).

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