Company detailsCompany name: Schaeffler Technologies AG & Co. KGGroup name: Schaeffler Technologies AG & Co. KGCompany country: GermanyGroup home country: GermanyNumber of employees: 86622Sector: C - ManufacturingSector detail: C28 - Manufacture of machinery and equipment n.e.c.Sub-sectors: C28.1 - Manufacture of general-purpose machinery Reshoring detailsReshoring announcement date: 06/11/2018Starting implementation date: January, 2018End of Implementation : December, 2020Reshored to: GermanyReshored business function: ProductionPartial or Total reshoring: PartialReshoring governance mode: In house (in own facilities)Reasons for reshoring: BrexitCustomer vicinityFirm's global reorganizationCase narrative: Schaeffler is a German manufacturer of automotive components. In the next two years, the company will close down two manufacturing facilities in Uk, and will relocalise the production in Germany, USA China and South Korea. The main reasons are the uncertainty connected with the Brexit and the vicinity with the costumers since the 85% of the UK production is exported to the continental Europe. These relocations are part of a bigger reorganization plan in which also the logistics centres in Hereford and Sutton Coldfield will be merged. Sources: Cnn 06/11/2018 Finanz Nachrichten 06/11/ 2018 Sources link: https://edition.cnn.com/2018/11/06/business/schaeffler-brexit-uk-jobs/in... https://www.finanznachrichten.de/nachrichten-2018-11/45199406-schaeffler... Offshoring detailsOffshoring location: United KingdomOffshored business function: ProductionOffshoring governance mode: In house (in own facilities)Host country geographical area: Western Europe