Overview
- ZF and its works council/IG Metall scrapped plans to carve out or sell Division E and agreed a restructuring expected to save more than €500 million by 2027.
- About 7,600 positions in Division E are planned to be reduced by 2030 under severance, qualification and transfer measures, with the company reiterating its aim to avoid compulsory redundancies.
- A 3.1% wage increase scheduled for April 2026 will be deferred to October, and weekly working time will be cut by roughly 7% through end‑2027 in the e‑mobility area as well as at Schweinfurt and Friedrichshafen’s Operation Z.
- The pact comes as Mathias Miedreich takes over as CEO on October 1, with ZF carrying a first‑half 2025 loss of €195 million and around €10.5 billion in net liabilities.
- The overhaul sits within a wider target of up to 14,000 job reductions in Germany by end‑2028, while sector headwinds persist, with Bosch announcing further cuts and warning that expected EV demand has not materialized.