The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
11,000 - 14,000 jobs Number of planned job losses
Announcement Date
17 January 2024
Employment effect (start)
17 January 2024
Foreseen end date
31 December 2028
Description
The German automotive supplier ZF Friedrichhafen is planning to cut approximately 12,000 jobs in Germany by 2030 due to internal restructuring, as announced on 17 January 2024.
The ZF Board of Management presented the figures to the works councils before Christmas. This information has now been passed on to the employees, with 10,000 jobs to be lost by 2028. The company did not comment on the figures mentioned but explained that it could understand the employees' concerns and that the order situation looked poor. The automotive industry has been in crisis for some time and production has been declining since 2018.
Management intends to start negotiations with employee representatives soon.
ZF has 50,000 employees in Germany.
Updated, 03/09/2024:
It was recently announced that all plants generating less than ten percent of the location's revenue are being reviewed for closure. The number of job cuts has been increased to between 11,000 and 14,000 by the year 2028. The plant in Damme has already been closed. By the end of this year, a plant at the location in Gelsenkirchen is to be closed, and the manufacturing facility in Eitdorf, North Rhine-Westphalia, is expected to follow by 2027 at the latest.
Updated, 15/10/2024:
It has now become known that 1,800 jobs at ZF's largest location in Saarbrücken will be affected by the planned layoffs. These positions are set to be cut by the end of 2025. Currently, around 10,000 employees work at the Saarbrücken site. The layoffs are expected to be achieved by allowing temporary contracts to expire.
Updated, 5/11/2024:
It has now been announced that 850 full-time positions at the Brandenburg an der Havel site are affected by the planned layoffs and are set to be cut by 2028. The transmission plant currently employs 1,600 people. Talks with employee representatives are being sought to find socially responsible solutions wherever possible.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
