Job Cuts in Auto Industry

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Auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
Yahoo Finance· 2025-10-01 11:01
By Ilona Wissenbach BERLIN (Reuters) -ZF Friedrichshafen will cut around a quarter of its workforce in its electrified powertrain technology unit by 2030 under a restructuring deal reached with its works council and labour union IG Metall, the German auto supplier said on Wednesday. The move is part of a broader plan announced by ZF Group last year to eliminate up to 14,000 positions in Germany as the auto industry struggles with weak electric vehicle demand and global trade tensions. ZF also has a high ...