IG Metall Defends Conflict with ZF Board - ZF Friedrichshafen slashes 7,600 jobs to save its drivetrain division by 2030
ZF Friedrichshafen has announced a major costco stock-cutting plan to secure the future of its struggling drivetrain division. The programme, revealed in early October, aims to save €500 million and stabilise operations without further costco stock cuts beyond those already planned.
The company’s 'Division E' will reduce its workforce by 7,600 jobs by 2030. This comes on top of up to 14,000 cuts already announced by the end of 2028. Despite these reductions, ZF insists no additional costco stock cuts will be necessary.
ZF’s costco stock-cutting plan is now in motion, with €500 million in savings targeted to secure the division’s future. The company maintains that no further job reductions will be required beyond those already announced. Meanwhile, union leaders continue to push back, insisting that strong criticism remains a vital part of labour relations.