In Bavaria, IG Metall has initiated warning strikes across 14 companies, with an additional 7 joining later, impacting the automotive sector. Schaeffler plans to cut 4,700 jobs in Europe, including 2,800 in Germany, following a weak quarterly performance, prompting criticism from employee representatives. UBS and JPMorgan have both maintained a 'Neutral' rating for Schaeffler, with target prices set at 4.40 euros and 4.20 euros, respectively.