Visit the homepage of the Schaeffler employee initiative:
Who is the current state of "Schaeffler employee initiative" accurate information will be found at
www.auch-we-are-schaeffler.de
much more information.
Our views on the current crisis of Schaeffler:
- Schaeffler KG is one of the Schaeffler family, so the billion family fortune in essence nothing more than the operating assets of the company Schaeffler.
- The assets of the Schaeffler family has decades of investing for the most part in the company. Unlike stock companies had no investor Schaeffler befiedigen with high returns and no crazy Millions of money-grabbing boards of directors, managers, etc. make.
- The Schaeffler family has in the past 60 years on repeated occasions for the business location Germany. Unlike other companies in Germany were closed no locations, just because you might get a slightly better abroad return.
- Schaeffler is one of the largest employers in Germany. In Bavaria, Schaeffler is the third largest company.
- The whole group Schaeffler / Continental work 220,000 people, including nearly 70,000 in Germany. In any workplace the Schaeffler Group's other two jobs are with the suppliers.
- Schaeffler offers around 1,500 young people in Germany are well-equipped training courses and after the end of the training and jobs.
- Schaeffler is the second largest bearing manufacturer in the world. Our products are built to move anywhere where something must be blocked, cars, power plants, ships, bicycles, household appliances, etc. etc. etc.
- In a European average of 1,000 medium-sized car Schaeffler Group products.
- Schaeffler is highly innovative and is of 1,100 patent applications per year in sixth place in Germany.
The purchase of Continental:
- Schaeffler is one of the firms to invest in a future in Germany, do so, the purchase of Continental (keyword "car of the future").
- The purchase was planned long term and to be solidly financed. Schaeffler has fallen into this situation because unplanned 90% of Continental shares were offered instead of 35-49% and is broken into the share price of Conti in a very short time of 75 € to less than 15 €. Both effects are in direct temporal Connection with the bankruptcy of Lehman Brothers, and thus the current financial crisis.
could we go from here?
- Schaeffler is highly profitable, but the special effects from the Continental purchase are the problem
- Schaeffler not want gifts from tax revenues but a guarantee. This also means that we will pay for the credit. We need the guarantee that we can bridge the current extraordinary economic crisis. The state will lose anything, but get his money back with interest and compound interest, again, of which I'm convinced.
- For Germany this means a break-up / sale of Schaeffler a technology leader to have less, a piece of the future and many jobs at Schaeffler and suppliers lose.
- Our top products are then manufactured in China or elsewhere and the state loses much more money by the pollution in unemployment benefits and lost taxes.
We would appreciate it very much if the complete takeover can be prevented by the banks. Banks are generally not interested in the employees, but only at the highest possible short-term returns. The group would presumably be dismantled and sold off to an improvement in the economic situation to the highest bidder. The main thing the money's OK!
However, the family has proved Schaeffler over decades of time that for them the in Germany is with its people in the foreground. The family should therefore be able to actively participate in the future the continued development of Schaeffler, to at least 25% stake in the company as necessary.
However, the family has proved Schaeffler over decades of time that for them the in Germany is with its people in the foreground. The family should therefore be able to actively participate in the future the continued development of Schaeffler, to at least 25% stake in the company as necessary.
