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Schaeffler streamlines business structure

Schaeffler streamlines business structure

Germany-based Schaeffler AG has decided to take further steps to optimise and adapt the Schaeffler Group’s organisational and leadership structure. Previous measures involved the realignment of the industrial division effective January 1, 2017 and the addition of a third corporate division, Automotive Aftermarket, effective January 1, 2018. Building on these measures, the Executive Board has now decided that the Bearing Components & Technologies unit (BCT), which currently functions as an internal supplier, will be dissolved and that all Schaeffler plants without a divisional allocation will become part of either the Automotive OEM or Industrial division. The Automotive Aftermarket division will continue to be supplied by the Automotive OEM plants.

The purpose of this realignment is to integrate the plants more closely into Schaeffler’s business processes and to give the Group’s divisions end-to-end responsibility for the performance and profitability of their business areas worldwide, enabling the company to meet the needs of its customers in an even better way. This step is also aimed at streamlining workflows and processes, eliminating duplicate structures and delivering further efficiencies.

The BCT unit’s technology umbrella for the development, design and manufacture of rolling bearings is a core element of the ‘One Schaeffler’ approach and will therefore be enhanced and transferred to the ‘Operations’ and ‘Technology’ functions at board level, where it will benefit from the existing know-how within those structures.

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