ZF Friedrichshafen: austerity program in Germany, new jobs abroad

As of: February 26, 2024, 3:46 p.m

By: Julian Baumann

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Auto supplier ZF has announced massive austerity measures.

But new jobs are being created abroad.

© IMAGO/Arnulf Hettrich

ZF Friedrichshafen's savings program is causing considerable unrest among German employees.

At the same time, new jobs are being created abroad.

Friedrichshafen - The technology group ZF Friedrichshafen is facing a major change.

With a strict savings program, the company plans to save six billion euros over the next two years.

But these cost-cutting measures could come at a high price - the works council warns of a possible reduction of around 12,000 jobs in Germany by 2030. At the same time, new jobs are being created at the Swabian automotive supplier's international locations.

At

you can read where new jobs are being created at ZF Friedrichshafen and why this is likely to have a bitter aftertaste for the German workforce.

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.