ZF to cut 7,600 jobs in restructuring of core powertrain division
The affected Division E is responible for 30% of ZF’s revenue. /ZF
German car parts supplier ZF has reached a deal with unions and employee representatives to eliminate an additional 7,600 jobs. The cut is part of a restructuring push at its largest business unit. After Bosch announced similar measures, the strains on the automotive supplier industry are mounting.
