Overview

• Management and employee representatives agreed measures targeting about €500 million in annual savings by 2027, including delaying the April 2026 pay rise to October, converting or dropping special payments, and cutting weekly hours roughly 7% to 32.5.
• ZF expects to reduce around 7,600 jobs in the drivetrain division by 2030, which the company says is part of the previously announced plan to cut up to 14,000 positions in Germany.
• Development will cease for on‑board chargers, DC‑DC converters and electric star axles, while near‑term decisions are pending on whether to keep producing e‑motors and inverters or buy them via potential partnerships.
• The company will launch voluntary exit programs from mid‑October and says it aims to avoid compulsory redundancies, with no plant closures planned for the division in Germany.
• Mathias Miedreich took over as CEO on October 1 and presented the plan, as IG Metall signaled that staff reductions at Saarbrücken will be significantly smaller than earlier site projections.