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Hirings/Firings/Layoffs,
Plants/Manufacturing,
Renault
German car parts supplier ZF Friedrichshafen plans to reduce the workforce by up to 15,000 jobs, or around 10%, by 2025 as a result of a slump in demand, according to a memo on Thursday. ZF, which helps carmakers develop gearboxes and hybrid drivetrains, said in an email to employees that half of the 12,000-15,000 job cuts would be in Germany. "As a result of the demand freeze on the customer side, our company will make heavy financial losses in 2020," chief executive officer Wolf-Henning Sche
Continue reading Renault, ZF Friedrichshafen each to cut up to 15,000 jobs
Renault, ZF Friedrichshafen each to cut up to 15,000 jobs originally appeared on
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