Schaeffler signs 1,768 new partial-retirement deals as German labor overhaul looms

• Schaeffler completed labor restructuring announced in November 2024, targeting 4,700 gross job cuts by 2029.
• By Sept. 30, 2026, it reached 3,715 cuts, or 79%; remaining 985 roles covered by signed agreements.
• Plan now expected to hit the 4,700 target by end-2028, one year earlier than planned.
• Separately, 1,768 new phased-retirement contracts were signed by Oct. 5, 2026, ahead of expected rule changes.
• Cost savings of EUR 290 million in 2029 forecast to beat plan by over 20%; EUR 84 million provisions released.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Schaeffler AG published the original content used to generate this news brief via EQS News (Ref. ID: corporate_2414196_de) on October 12, 2026, and is solely responsible for the information contained therein.