Schaeffler donating 1 million euros to combat COVID-19

Automotive supplier Schaeffler AG and the Schaeffler family are jointly donating one million euros to the Red Cross to help in the fight against COVID-19.

“We have the greatest respect for all people who maintain our infrastructure with extraordinary commitment in this exceptional situation. With our donation we want to express our gratitude and respect to the doctors and medical nurses who are doing superhuman work in the fight against COVID-19 these days,” said Georg F. W. Schaeffler, family shareholder and chairman of the Schaeffer AG Supervisory Board.

In February, Schaeffler AG donated 800,000 euros to Chinese first responder organisations and provided support for Red Cross activities in China.

“The corona crisis has assumed global dimensions. In these difficult times, we must all do what we can to support the fight against COVID-19,” said Klaus Rosenfeld, chief executive officer of Schaeffler AG. “That is part of our social responsibility.”