ZF plans to reduce its German workforce by 11,000-14,000 jobs by 2028 due to electric vehicle shift challenges and growing competition.
German car parts giant ZF plans to reduce its workforce by 11,000 to 14,000 jobs in Germany by 2028 due to challenges in the shift to electric vehicles and growing foreign competition. The company, which supplies major carmakers worldwide, aims to adapt to new market realities, with a focus on its electric motors division. Despite the challenges, ZF remains committed to investing heavily in electromobility.
July 26, 2024
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