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Bearings maker Schaeffler to cut jobs, shut plants

Schaeffler said it would cut 900 jobs, 700 of them in Germany, shut plants and reduce its product range after its 2018 earnings slumped due to weak demand in Europe and China.

Source: http://feedproxy.google.com/~r/autonews/EuropeNews/~3/J_e3Mi8fEO4/bearings-maker-schaeffler-cut-jobs-shut-plants
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