Crisis in the car supplier: 150 jobs in Schwaigern fall shortly before Christmas!

Crisis in the car supplier: 150 jobs in Schwaigern fall shortly before Christmas!

Schwaigern, Deutschland - breakdown in the car supplier industry: crisis meets employees

In the automotive industrial industry, alarming developments are pending: The company IWIS Mechatronics from Schwaigern in Baden-Württemberg has announced a drastic job cuts, which will affect 150 employees. This measure is the direct result of a corporate bankruptcy that was registered in October. Iwis Mechatronics, specializing in plastic metal connections, is faced with a strongly declining demand for electric cars. The company had already released trainees in September and IG Metall had sharply criticized the situation. According to merkur.de , the majority of the layoffs are to be carried out before the end of the year.

massive job losses at Schaeffler

But not only Iwis Mechatronics is affected. The car supplier Schaeffler, based in Herzogenaurach, is also planning a massive degradation of a total of 4,700 positions in Europe, including 2,800 in Germany. The reasons lie in the tightened competitive situation and a doldrum in the electric car market. According to tagesschau.de , several locations in Germany and Europe are to be closed between 2025 and 2027. This passionate redesign is sharply criticized by employee representatives because it is considered disproportionate.

The announced degradation measures could bring Schaeffler considerable savings of around 290 million euros by 2029, but initially one -time expenses of around 580 million euros are expected, which are composed of provisions and relocation costs. Ultimately, in both cases there is a worrying development for the entire industry, which is characterized by weakening demand and increasing cost pressure. The abrupt shaft of layoffs must be encountered with concern, while the markets continue to present themselves.