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Thousands of ZF employees are left without a job guarantee

2023-12-07T12:17:19.712Z

Highlights: Thousands of ZF employees are left without a job guarantee. Germany's second-largest automotive supplier, ZF Friedrichshafen, is struggling with high costs for energy, raw materials and personnel. At the end of November, a target image was set for "Operation N," which includes the production areas. However, negotiations for 'Operation Z', which includes corporate headquarters and research and development areas, are still underway. In the meantime, the group is back on the road to success under the new CEO Holger Klein.



Status: 07.12.2023, 12:56 p.m.

By: Julian Baumann

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There is still no long-term employment guarantee for thousands of employees of the automotive supplier ZF. © ZF Friedrichshafen

Automotive supplier ZF has agreed on target agreements for the production areas. However, thousands of employees of the Group are still without a guarantee of employment.

Friedrichshafen - Germany's second-largest automotive supplier, ZF Friedrichshafen, is struggling with high costs for energy, raw materials and personnel while undergoing a major transformation. At the end of November, a target image was set for "Operation N" in Friedrichshafen, which includes the production areas. However, negotiations for "Operation Z", which includes the corporate headquarters and research and development areas, are still underway. At BW24 you can now read why there is still no job guarantee for thousands of ZF employees.

ZF Friedrichshafen had to cope with a significant decline in sales last year, and the transformation to e-mobility is also a challenge for the traditional company from Lake Constance. In the meantime, the group is back on the road to success under the new CEO Holger Klein, but the Swabians still have to save money.

Editor Julian Baumann wrote this article and then used an AI language model to optimize at his own discretion. All information has been carefully verified.

Source: merkur

All news articles on 2023-12-07

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