ZF Friedrichshafen: Job cuts in Germany - mega investment in the USA. The supplier is planning mega investments in the US location.
In its German homeland, ZF FriedrichShafen is planning to cut thousands of jobs. The situation is different in the U.S. - half a billion dollars are being invested there. ZF recently announced that the entire industry is undergoing a “transformation” and global production of passenger cars has fallen. The company is reportedly planning up to 400 new jobs at the site, which opened in 2013.