Car Suppliers: Zf and Works Council: Talks About the Future of the Crisis Sector
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Here you will find information on the topic "Car suppliers". Read now "ZF and Works Council: Talks about the future of the crisis sector".
After lengthy discussions, automotive supplier ZF and its employee representatives have agreed on a joint approach to the future of electrified drive systems, as reported by Automobilwoche and others. The focus is on Division E, which is responsible for electric drive technologies at ZF. Both sides emphasize that it is about sharing responsibility and finding a sustainable path forward. The agreement was signed on the sidelines of the supervisor…
ZF announces an "accelerated restructuring course" for its Division E and no longer excludes operational terminations. Therefore, there is no warning for the Auerbach site.
ZF Friedrichshafen is in a profound crisis. In addition to billions in losses, mounting debt, and massive job cuts, the company is struggling with problems in its drivetrain division and growing discontent among its workforce. According to the works council and the union, the restructuring measures so far are insufficient – further cuts are looming. Automotive industry in upheaval: ZF, once on an expansion course, is now under […]
Even the most modern developments in the field of e-mobility or energy-saving computer chips do not help before the decline.
At ZF Friedrichshafen, the Board of Management and Works Council aim to reach an agreement on a restructuring plan for the driveline division, Division E, by the end of September. The talks are likely to be tough: management is reportedly planning to withdraw from key electric product lines.
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