The German automotive supplier ZF announced on Wednesday the abolition of 7,600 jobs in its division in transmission systems crisis for all types of engines, a new sign of persistent tensions in the sector.
This cut represents a quarter of the workforce called “E”, the main source of income. The objective is to achieve more than half a billion euros in savings by 2027.
It is about “reducing costs” and “considerably” increases the competitiveness of the group, which suffers from an excess capacity to a slow demand, said Mathias Médreich, which was the first day as president of the ZF Board, during a press conference.
ZF is based on voluntary outputs, natural fluctuation measures and conversion to avoid dry dismissals.
The plan has received the approval of employee representatives.
Global
Manufacturers and automobile suppliers in Germany are reducing global demand, the increase in costs, Chinese competition and, more recently, the increase in US customs tasks.
In September, it was’ the Bosch team manufacturer who announced on Tuesday the expansion of its restructuring plan in the car and wants to save 2.5 billion euros per year, particularly for new publications, in front of persistent difficulties in the sector In Europe.
Bosch had announced this summer up to 1,100 additional employment by 2029 in Germany in the same division this summer, In addition to the 7,000 deleted jobs In the world, all combined sectors, announced last year. The group currently uses 418,000 people worldwide.
The first German car manufacturer, Volkswagen, offers 35,000 less positions in Germany against 5,000 in the Daimler Giant Daimler truck.
Ford announced on Monday to 1,000 new suppressions of additional jobs to its Colonia (West) factory, which are added to the elimination plan of 2,900 jobs already announced last year.
Source: BFM TV
