ZF Friedrichshafen Reports €1 Billion Loss as Restructuring Intensifies

The automotive supplier plans to cut 14,000 jobs in Germany by 2028 while grappling with industry headwinds and significant debt.

ZF Friedrichshafen recorded a net loss of just over €1 billion in 2024, primarily due to €600 million in restructuring costs.
The company’s revenue fell by 11% to €41.4 billion in 2024, reflecting weak demand for electric vehicles and broader economic challenges.
Plans are in place to cut up to 14,000 jobs in Germany by 2028, representing about one-quarter of its domestic workforce.
ZF’s debt burden has risen to €10.5 billion, with high interest payments further straining its financial position.
The company is focusing on core business areas and preparing its E-Division for potential partnerships to stabilize operations and support future growth.