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97% reduction in waste to landfill from UK plant


97% reduction in waste to landfill from UK plant
May 20 2021
Schaeffler (UK s) plant in Sheffield is extremely proud to have worked on the Zero Waste to Landfill Project, the aim of which is to recycle as much waste as possible and no longer dispose of it in landfills. By the end of 2020 the Sheffield site had achieved 97% reduction of waste to landfill.
As a corporate value, sustainability has been firmly anchored in the Schaeffler Group’s activities for many years and is an integral component of the corporate strategy. Recently the Schaeffler Group has been selected as one of the 50 Sustainability & Climate Leaders worldwide on the occasion of the 75th anniversary of the United Nations (UN). The common objective of this initiative is the achievement of the 17 goals for sustainable development set by the United Nations. ....

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Continental: Massive cutbacks with the help of the trade unions


Continental: Massive cutbacks with the help of the trade unions
Protest against the closure of the Continental plant in Karben, Hesse, 15 April 2021 (Photo WSWS)
What the IG Metall and IG BCE unions, as well as the media, are praising as a “solid negotiation result” and a “great success” is the sealing of a long-planned attack. To save at least €1 billion a year, 30,000 jobs will be eliminated throughout the company and in Germany alone 13,000 jobs will be cut.
Several plants are to be closed and the closures will only be delayed for a short time. The closure of the tyre manufacturing plant in Aachen, for example, has been postponed from the end of 2021 to the end of 2022. Last September, there were still 1,800 employees in Aachen and of these, hundreds are now already being laid off via severance agreements and non-renewal of temporary contracts. By the end of the year, only 500 workers will remain to wind up operations at the plant. ....

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Schaeffler Q1 Revenue Rises; Lifts 2021 Outlook


Schaeffler Q1 Revenue Rises; Lifts 2021 Outlook
BERLIN (dpa-AFX) - Schaeffler (SCFLF.OB) reported that Group s revenue for the first quarter totaled EUR 3.56 billion, versus EUR 3.28 billion in the year-ago quarter. The company attributed the constant-currency growth of 11.2 percent to the considerable recovery of the Automotive Technologies division.
The company reported EBIT before special items for the first three months of 2021 to EUR 403 million, versus EUR 212 million in the year-ago quarter.
Net income attributable to shareholders before special items increased to EUR 247 million from EUR 101 million in the last year period. Net income was EUR 235 million, versus loss EUR 186 million prior year period. ....

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