2025-03-15 05:40:10
Business
Companies

IG Metall Stands Firm Against ZF Spin-Off Plans

IG Metall has decisively rejected ZF's plans to spin off its drive division, which employs 32,000 people and generates 11.5 billion euros in sales. The union argues that this move does not address the underlying issues facing the company.

The Saarbrücken site, which employs 10,000 workers, is particularly affected, with 1,800 jobs at risk by the end of 2025. ZF's intention is to create a more independent division to attract partners, with a potential sale anticipated in 2026. In response, IG Metall is organizing demonstrations in five cities, urging employers to commit to Germany and halt job cuts and site closures.

The union emphasizes the need for the new government to enhance industrial conditions and ensure social security amid ongoing economic challenges.

gmx
15. März 2025 um 03:03

IG Metall continues to reject the spin-off at ZF

Finance
Economy
Technology
ZF plans to spin off the drive division with 32,000 employees and 11.5 billion euros in sales in order to find partners and make the division more independent; IG Metall rejects this; the Saarbrücken location with 10,000 employees and 1,800 jobs to be cut is affected; the company spokesman informed after the works meeting at the Friedrichshafen headquarters; possible sale of the division in 2026.
stern
15. März 2025 um 03:00

Plans of Automotive Supplier: IG Metall Continues to Reject Spin-Off at ZF

Finance
Economy
Technology
ZF plans to make its powertrain division more independent in order to enable a partnership. A company spokesperson had announced that a sale of the powertrain division was not planned. The goal is to make the powertrain division more independent so that a partner can participate financially. IG Metall rejects this, as the causes of the problems are not being addressed. The E-Division with over 32,000 employees and 11.5 billion euros in sales is possibly to be sold in 2026. This would also affect..
stern
15. März 2025 um 03:07

IG Metall Action Day in Five Cities - Tens of Thousands of Participants Expected

Economy
Politics
"Future instead of Cutbacks": IG Metall is calling for demonstrations in five cities, including Hannover, Cologne and Leipzig, with several tens of thousands of participants. The rallies begin at 11:55 a.m. in Frankfurt am Main and Stuttgart, where Christiane Benner will speak. Despite the difficult economic situation, the union is demanding that employers commit to the location Germany. The reduction of jobs as well as the closure and relocation of sites must stop. The new federal government..
CW

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