Overview

• The supplier is pursuing a restructuring plan that could eliminate up to 14,000 jobs in Germany by 2028 to slash costs.
• A December-launched agreement had trimmed weekly hours from 35 to 32.5 for 5,500 Schweinfurt employees to avoid layoffs.
• With no extension approved, local representatives warn of at least 650 forced redundancies at the Bavarian plant.
• ZF posted a €1 billion loss in 2024 and carries heavy debt from its acquisitions of Wabco and TRW Automotive.
• A Berylls study shows 69 of the world’s top 100 auto suppliers saw revenue declines in 2024, and ZF slipped from third to sixth globally.