Auto supplier in debt: ZF Friedrichshafen sells parts of the company. Around 20 percent of the supplier's almost 165,000 employees were employed in this area in 2022.
In 2022, the security division accounted for around a tenth of ZF's total sales of around 43.8 billion euros. Employee representatives recently warned of major job cuts at the supplier. At the same time, the supplier from Lake Constance will have to invest billions in the coming years in order to be able to master the transformation to e-mobility.