news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Source: Huanqiu.com

[Global Network Technology Comprehensive Report] On July 29, automotive parts manufacturer ZF Group (ZF) announced a major strategic adjustment, planning to lay off about 14,000 employees in the next few years to cope with the rapid changes in the automotive industry, especially in the field of electrification.

Image source: IC Photo

According to data, ZF was founded in 1915 and is one of the world's largest automotive parts suppliers, known for its gearboxes, chassis systems and safety technologies. However, as the global automotive industry accelerates its transition to electrification, the traditional internal combustion engine vehicle market has shrunk dramatically, bringing unprecedented challenges to parts suppliers such as ZF.

According to ZF official news, the layoff plan aims to reduce costs, improve competitiveness, and free up resources for the company's future development in the field of electrification. ZF CEO Holger Klein said that although this decision was not easy, it was a key step to ensure that the company remained competitive in an increasingly competitive market. He emphasized that the restructuring will enhance ZF's strength and consolidate its position as one of the world's largest parts suppliers.

Klein pointed out that electric vehicles are the future development direction of the auto parts industry, and ZF will increase its investment in this field and establish partnerships with other companies. At present, ZF has made significant progress in the research and development of electric drive systems, battery management systems and autonomous driving technologies. Its product line includes various motors, hybrid and pure electric transmission systems, providing automakers with a variety of options.

It is reported that the layoff plan will be carried out in stages and is expected to be completed in the next few years. The ultimate goal is to reduce 11,000 to 14,000 jobs, accounting for about a quarter of the total number of employees (about 54,000). ZF said it will do its best to support the affected employees, provide fair compensation plans and retraining opportunities to help them make a smooth transition.