Car parts manufacturer reverted. - ZF guarantees jobs till mid-2028 with signed contract.
ZF, an automotive supplier, has vowed to safeguard the jobs of its workers at its Lake Constance facility until June 2028. As per an arrangement struck between the company and the ZF workers' council, layoffs prompted by organizational reasons are off-limits during this time frame. Approximately 4,900 employees from research, development, and the main office are anticipated to receive this benefit. The accord is already in motion.
"Job security until mid-2028 offers our colleagues peace of mind, which was crucial for us," commented the chairman of the Z-works council in Friedrichshafen, Franz-Josef Müller.
Terminations can still take place, though, due to retirements or shifts in personnel. "The option of not filling these spots remains" - with a minimum of 4,150 employees in these two sectors. Agreements with production staff were established in December, yet job security was not included. We plan to maintain open communication.
Employees of automotive suppliers fret over their employment due to the move towards electrical mobility. A sizable number of roles still hinge on the traditional combustion engine model.
On a global scale, ZF employs approximately 169,000 individuals. At the Lake Constance site, there are roughly 10,300 workers. ZF has operations at more than 160 plants in 31 nations. The organization is mainly owned by the Zeppelin Foundation of Friedrichshafen. During 2023, it generated a revenue of about 46.6 billion euros.
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- Despite the shift towards electrical mobility affecting many automotive suppliers, the ZF Group headquarters in Friedrichshafen, located in Baden-Württemberg by Lake Constance, ensures job security for its 4,900 employees until mid-2028.
- ZF, a prominent car parts manufacturer with global operations, signed a contract to maintain its supplier roles at the Lake Constance site, including research, development, and the main office, ensuring continuous work for its 10,300 employees.
- To achieve its job security targets, ZF can opt not to fill positions due to retirements or personnel shifts, ensuring a minimum of 4,150 employees in these sectors, as per the negotiations with their workers' council in Friedrichshafen.
