Schaeffler AG expands partial retirement offer in Germany

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20260806/1786002909132232.png" title="1786002909132232.png" alt="1.png"/></p><p><span style="font-size: 14px; font-family: arial, helvetica, sans-serif;">High level of interest in partial retirement contracts Additional partial retirement offer with flexible models Favorable financial impact starting in 2027 The Board of Managing Directors of Schaeffler AG has decided to expand its offer of partial retirement arrangements in Germany in response to the high level of interest on the part of employees. The decision represents a further step taken by the company to reduce cost structures at German locations and increase its long-term competitive ability overall. Flexible models Partial retirement contracts, which are in the interest of both the company and employees, had already met with high demand during execution of the structural measures announced in November 2024. The partial retirement offer has been agreed with the Group Works Council. It consists of block models with an active and a passive work phase and requires the consent of both the employee and their supervisor. The partial retirement models vary by location and staffing options and provide for terms ranging from two years (one active year and one passive year) to eight years (four active years and four passive years). The arrangements largely correspond to those offered as part of the structural measures announced in November 2024. “In offering these partial retirement arrangements, we are responding to the high level of interest among our employees while creating flexible solutions that meet both individual needs and the requirements of our company,” says Dr. Astrid Fontaine, Chief Human Resources Officer Schaeffler AG. Savings potential starting in 2027 Approximately 20 percent of employees born in the relevant years up to and including 1971, or about 1,300 employees in direct and indirect areas, are expected to accept the offer. On this basis, implementation of the offer will lead to a one-off expense of approximately 51 million euros that will be recognized as a special item in 2026. The resulting financial impact will take effect starting in 2027. By expanding its offer of partial retirement arrangements, Schaeffler is adding to the options for individual and predictable transition to retirement. Meanwhile, the program also contributes to the balanced long-term enhancement of the age structure of the company’s workforce. Thus, Schaeffler is taking a stand for responsible and cooperative human resource management in a dialog with employee representatives.</span></p>