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Economy
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ZF Employees Protesting Against Job Cuts
2024-09-10 05:50:09
Automotive
Employment
Business

ZF Employees Protesting Against Job Cuts

Thousands of ZF employees in Germany plan to protest the automotive supplier's decision to cut up to 14,000 jobs by 2028. The protests organized by works councils will include marches, rallies, and car convoys. ZF's cost-cutting program aims to adjust to the shift towards electrification.

The company, with 35 locations in Germany, aims to save 6 billion euros globally in the coming years. Meanwhile, Audi employees in Brussels are on strike against the potential plant closure, with 3000 jobs at risk and tensions rising over missing car keys.

Related news on that topic:

Volkswagen CEO defends job cuts citing economic pressures

Volkswagen's CEO is defending the company's decision to implement €4 billion in cuts in order to save jobs, citing economic pressures. However, worker representatives have warned of wider impacts, while the Left Party is demanding a dividend repayment. Chancellor Scholz is aiming to secure jobs amidst the financial challenges faced by the company. The Federation has criticized Volkswagen for its unreliable infrastructure. The company has also faced a decline in its share price and a decrease in car sales in Europe. Additionally, Volkswagen is now facing new competition from Asian competitors. These challenges have led to the first factory closures in the company's nearly 90-year history.

Volkswagen CEO defends job cuts citing economic pressures

Volkswagen CEO defends €4 billion in cuts to save jobs, citing economic pressures; worker reps warn of wider impact; Left Party demands dividend repayment; Chancellor Scholz aims to secure jobs; Federation slams 'unreliable infrastructure'; Volkswagen's share price has fallen, fewer cars sold in Europe; VW faces new competitors from Asia, first factory closures in nearly 90-year history. Worker representatives warn of the broader consequences of the €4 billion job cuts defended by Volkswagen's CEO, while the Left Party demands a dividend repayment. Chancellor Scholz aims to safeguard jobs amidst falling share prices and decreasing car sales in Europe. The Federation criticizes the 'unreliable infrastructure' as Volkswagen faces competition from Asia and prepares for its first factory closures in almost a century.

Read 15 more recent news on this topic

The press radar on this topic:

zeit
10. September 2024 um 02:00

Resistance at automotive supplier: ZF employees want to protest against job cuts

Economy
The heavily indebted automotive supplier ZF plans to cut up to 14,000 jobs in Germany by 2028. Thousands of employees want to protest against the job cuts on Tuesday in Friedrichshafen, Saarbrücken, and Mannheim. The protests are organized by works councils and will involve various activities such as protest marches, rallies, and car convoys. ZF has imposed a strict cost-cutting program to cope with the electrification shift. The company has 35 locations in Germany, employs around 169,000 people..
gmx
10. September 2024 um 02:02

ZF employees want to protest against job cuts

Economy
ZF, an automotive supplier, plans to cut up to 14,000 jobs in Germany by 2028. Thousands of employees want to protest on Tuesday in Friedrichshafen and other locations like Mannheim. The works council is opposing the job cuts, which would affect every fourth ZF employee in Germany. The state government of Saarland will also participate in the protests.
EuroNews
9. September 2024 um 18:48

Protest against the threatened closure of Audi in Brussels: 200 car keys gone

Economy
About 200 Audi employees are protesting in Brussels against the threatened plant closure; 3000 jobs are at risk; a similar dispute is taking place at Volkswagen.
CW

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