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ZF cuts up to 14,000 jobs - focus on electric drive division

www.electrive.com ZF cuts up to 14,000 jobs - focus on electric drive division - electrive.com

The supplier ZF announced that it will gradually reduce the number of employees in Germany by 11,000 to 14,000 by 2028. The restructuring will mainly focus on the Electrified Powertrain Technologies division "due to strong competition, cost pressure and weak demand for electric vehicles."

ZF cuts up to 14,000 jobs - focus on electric drive division - electrive.com
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