ZF Friedrichshafen believes a workforce reduction is inevitable - but there is disagreement about the number of 12,000 jobs. ZF is under enormous pressure to save money.
The supplier has debts of more than eleven billion euros. The company, like the entire industry, is suffering from the weak economy and the shift to e-mobility, which has so far caused high costs but hardly brought in any profits. Continental and Bosch also want to cut thousands of jobs in their car divisions.