(FILES) This photograph taken on October 1, 2015, shows the headquarters of German car equipment manufacturer Schaeffler in Herzogenaurach, southern Germany. German auto parts supplier Schaeffler said on November 3, 2026 that it planned to cut almost 3,500 jobs and close five sites in Europe as the crisis gripping the region's auto sector deepens. (Photo by DANIEL KARMANN / DPA / AFP via Getty Images)