Tag #Zf Friedrichshafen

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ZF to Cut 450 Jobs in Koblenz by 2030

German auto supplier ZF announced plans to cut around 450 jobs at its Koblenz location by 2030, citing a weak automotive market and geopolitical uncertainties, prompting outrage from the works council and IG Metall union.

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24% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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European Auto Suppliers Face Mass Layoffs Amidst Industry Restructuring

Facing economic headwinds and the rapid shift to electric vehicles, major European auto suppliers like Bosch, Continental, ZF Friedrichshafen, Schaeffler, and Mahle are announcing significant job cuts and restructuring efforts, impacting thousands of employees across various countries.

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20% Bias Score

Decent Work and Economic Growth
zeit.de
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ZF Friedrichshafen Faces €1 Billion Loss, Plans 14,000 Job Cuts

ZF Friedrichshafen, Germany's second-largest auto supplier, reported a €1 billion loss in 2022 and plans to cut up to 14,000 jobs in Germany by 2028 due to the automotive industry downturn, high debt from past acquisitions, and low profitability in its powertrain division; the company is exploring o...

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44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 75% Global Worthiness
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ZF Friedrichshafen Continues Job Cuts Amidst Slow E-Mobility Growth

ZF Friedrichshafen, a German auto supplier, is continuing job cuts due to slow e-mobility adoption and US tariffs, reporting a 10.3% revenue drop to €19.7 billion despite an increased adjusted EBIT of €874 million in the first half of 2024. Over 10,000 employees protested against the cost-cutting me...

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56% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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ZF Friedrichshafen Faces Mass Protests Amidst Planned Job Cuts

Thousands of ZF Friedrichshafen employees protested in Germany against planned job cuts totaling up to 14,000 by 2028, amidst company losses exceeding €1 billion in 2023 and potential restructuring of its 'E-Division'.

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48% Bias Score

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sueddeutsche.de
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ZF Friedrichshafen Faces Worker Protests Amidst 14,000 Job Cut Plan

Thousands of ZF Friedrichshafen employees protested job cuts at German sites, including 6,000 in Friedrichshafen and 4,500 in Schweinfurt, following management's announcement of up to 14,000 job cuts by 2028 due to declining orders and high costs of electric motor transition.

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36% Bias Score

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sueddeutsche.de
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German Auto Suppliers Face Mass Job Cuts Amidst E-Mobility Transition

German automotive suppliers, including Bosch and ZF Friedrichshafen, are experiencing significant job losses due to reduced car production, the slow adoption of e-mobility, and increased competition, impacting nearly 15,000 jobs across Bosch alone.

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28% Bias Score

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welt.de
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ZF Reports €1 Billion Loss, Announces Major Restructuring

ZF Friedrichshafen, a German automotive supplier, reported a €1 billion loss in 2024, primarily due to a struggling powertrain division and high debt, prompting significant job cuts and potential restructuring of its core business areas.

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52% Bias Score

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zeit.de
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ZF Reports €195 Million Loss, Announces Further Job Cuts

ZF Friedrichshafen, a major German auto supplier, reported a €195 million loss in the first half of 2024, attributing it to slow electric vehicle adoption, reduced orders, and high restructuring costs. The company is cutting up to 14,000 jobs in Germany by 2028 and is considering strategic options f...

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44% Bias Score

Decent Work and Economic Growth
sueddeutsche.de
🌐 75% Global Worthiness
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ZF Friedrichshafen Reports Loss, Plans Layoffs Amidst Restructuring

ZF Friedrichshafen, Germany's second-largest auto supplier, reported a €195 million first-half loss due to stagnant vehicle production, slow electric vehicle adoption, and US trade uncertainties, prompting intensified cost-cutting and potential layoffs while restructuring its powertrain division.

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52% Bias Score

Decent Work and Economic Growth
welt.de
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ZF Faces Protests Amidst Further Job Cut Plans

Facing financial difficulties, ZF, a major auto supplier, plans further job cuts, prompting up to 2,000 employees in Saarbrücken to protest against potential plant closure, alongside protests at other German locations; the company aims to cut 14,000 jobs in Germany by 2028.

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44% Bias Score

Decent Work and Economic Growth
welt.de
🌐 85% Global Worthiness
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5,000 ZF Employees to Protest Planned Benefit Cuts

ZF's workforce will protest against planned benefit cuts on July 29th in Friedrichshafen, Germany, coinciding with a supervisory board meeting; the protest follows announcements of drastic cost-cutting measures and a loss of confidence in management, with 5,700 jobs already cut this year and plans f...

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40% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 15 results