ZF Friedrichshafen: plant closures in Germany, expansion abroad

As of: February 15, 2024, 1:42 p.m

By: Julian Baumann

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Auto supplier ZF has announced austerity measures in Germany, but is investing abroad.

© Felix Kästle/dpa

Auto supplier ZF wants to close plants and cut jobs in Germany, but at the same time is investing in locations abroad.

Friedrichshafen - For the first time in the more than hundred-year history of auto supplier ZF Friedrichshafen, two plants are to be closed - a decision that is met with strong resistance from employees and employee representatives.

They fear massive job cuts and are making demands on management.

At the same time, the group is investing heavily in expanding plants in other regions, which could seem like a slap in the face for German employees.

At

you can read why investments in factories abroad are a bitter blow for German ZF employees.

There is also

currently unrest at the world's largest automotive supplier,

The group has announced that it will have to cut more than 3,000 jobs in Germany alone.

The editor Julian Baumann wrote this article and then used an AI language model for optimization at his own discretion.

All information has been carefully checked.