Berlin - A major German car parts maker, Schaeffler, said Tuesday it was putting 20,000 workers on short time because of a dramatic fall-off in orders.
The company, which recently acquired German tyre maker Continental AG in a controversial takeover, said nearly two-thirds of its total workforce would be affected by the move.
The Schaeffler Group employees about 31,000 workers at 25 plants in Germany where the car industry has been particularly hard-hit by the global economic crisis.