Schaeffler warn of destruction
Breaking up the Schaeffler-Continental Group, according to the owner family could cost thousands of jobs in Germany. In addition, there were serious consequences for the global car production, said Georg Schaeffler.
In an advance notification of the Bild am Sonntag newspaper he is quoted as saying: "The network of the company creates with the high precision of the electronics of Conti and Schaeffler, a technological future. This kept thousands of highly skilled workers secure employment in Germany. "That could only work if given the unity of Schaeffler and Continental will stay.
His mother, businesswoman Maria-Elisabeth, told the paper, the joint company stand for an industrial substance that there is no world again and can not be easily replaced. "In any car in this world you will find an average of 60 parts only from the Schaeffler production. A disruption in our production for the automotive industry worldwide has serious implications. "
The company's owner pulled the report, investment bank Lehman Brothers parallels, whose collapse last year, the global financial crisis worsened. "A renowned consultancy has compared our importance to the industry with those of Lehman Brothers for the banking world."
Maria-Elisabeth Schaeffler made it clear that the group was dependent on money from the state. Without a temporary bridge by the financial state it is difficult for the unity and future of Continental and Schaeffler. "The function of the taxpayers they meet in person. "It is important however that the company will pay back everything with interest to the last penny. It is not a gift. "
The Frankish family business wants to take over the larger Hanover Group Continental, but because of the financial crisis and economic difficulties. Worldwide, every major car manufacturer massive decline in orders, which has a direct impact on suppliers.
The Bavarian Minister Horst Seehofer (CSU) agreed to help for Schaeffler, but rejected direct participation. The state should help these companies if they had a sustainable approach and it stood the main banks of these companies, said the CSU chairman of the Cologne Stadt-Anzeiger.
This is about thousands of jobs. Then you can easily take over warranties and guarantees as the state and help to safeguard jobs. "The state should not directly operate as entrepreneurs, Seehofer was quoted as saying. "It is in human history has never gone well."
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