Zf restructuring. "We have reached around €5.

Zf restructuring Mar 20, 2025 · ZF Loss: ZF, which helps automakers develop gearboxes and hybrid drivetrains, said on Thursday it had set aside 600 million euros for restructuring costs last year, primarily for staff reductions Jul 30, 2024 · ZF Friedrichshafen AG, a leading global technology company, has announced a significant restructuring plan to enhance its competitiveness and respond to evolving market demands, particularly in electromobility. It Jul 3, 2024 · Genesus, Canada’s sole swine genetic company, announces a strategic restructuring in response to industry consolidation and increased investment needs. The industry's number two in Germany posted a loss of one billion Jul 29, 2024 · ZF Group is restructuring to enhance competitiveness and adapt to changes in the mobility sector, particularly in electromobility. Miedreich, 49, will succeed Stephan von Schuckmann, who resigned for personal reasons earlier this year. Feb 18, 2025 · German automotive supplier ZDF (ZFF. These figures align with ZF’s updated September 2024 guidance. But from the company’s point of view, they are not sufficient to cope with an accelerated change in times of transformation. Automation & Robotics. UL] said on Thursday it is intensifying its restructuring measures and no longer rules out compulsory layoffs, as it Mar 20, 2025 · Germany's second-largest automotive supplier is slipping deeper into crisis with increasingly worse financial data. Nov 17, 2025 · German auto-supplier ZF Friedrichshafen named Mathias Miedreich as its new CEO in a decisive leadership shake-up. Jul 31, 2025 · FRIEDRICHSHAFEN – Troubled automotive supplier ZF Friedrichshafen has once again posted losses for the first half of the year. UL) plans to take even more stringent cost-cutting measures in the event that global car production declines further, finance Mar 20, 2025 · In 2024, ZF navigated tough financial waters The nominal sales decline of 11% reflects the axle assembly deconsolidation, but organically, the drop was a modest 3%. Jul 31, 2025 · One of the most famous suppliers of auto parts, the second largest in Germany, ZF Friedrichshafen, is facing significant challenges in the automotive industry market. However, “the company will further increase its investments in its Commercial Vehicle Technology Jul 31, 2025 · Germany's second-largest automotive supplier ZF Friedrichshafen has intensified its restructuring programme and no longer rules out compulsory layoffs, as the company grapples with declining sales Oct 1, 2025 · Agreement enables restructuring of the Electrified Powertrain Technology division (Division E) that remains an integral part of ZF Group Corporate realignment of Division E to focus on further development of the product range and ecosystem partnerships Comprehensive company-wide measures to strengthen competitiveness with immediate cost savings that will total more than €500 million by 2027 Aug 5, 2025 · ZF agrees on a roadmap with labour leaders to restructure its struggling Division E, with tough decisions expected by September amid rising debt and weak powertrain margins. ZF Friedrichshafen announces significant job cuts as it faces financial challenges and seeks to navigate the transition to electric mobility. German automotive supplier ZF Friedrichshafen plans to close its manufacturing plant in central Slovakia by mid-2026, a move that will gradually affect approximately 250 workers. German auto supplier ZF is undergoing restructuring, which may involve layoffs, as part of its strategic business adjustments. Jul 31, 2025 · ZF Friedrichshafen AG, a global technology company, is intensifying its restructuring program amid challenging automotive markets. Jul 31, 2025 · German auto supplier ZF ramps up restructuring with possible layoffs Reuters 31 July 20251 min read (Reuters) -Germany's second-largest automotive supplier ZF Friedrichshafen said on Thursday it is intensifying its restructuring measures and no longer rules out compulsory layoffs, as it grapples with a slowdown in the car industry. The restructuring will mainly focus on the Electrified Powertrain Technologies division "due to strong competition, cost pressure and weak demand for electric Jul 31, 2025 · Germany's second-largest automotive supplier ZF Friedrichshafen [RIC:RIC:ZFF. Europe's auto sector is struggling with weak demand, the high cost of shifting to electric vehicles, cheap competition from China, and Aug 19, 2025 · Electronics ZF Friedrichshafen AG Details Strategic Restructuring Plans Key changes will take place within the company's existing structure to support moves aimed at firming up its plans for the future, as well as the future of its offerings. Jul 28, 2024 · ZF’s CEO, Holger Klein, acknowledged the difficulty of this decision but emphasized it as a critical step to maintain the company’s competitiveness in an increasingly fierce market. On the financial statement, restructuring costs led to a net loss of €1,02 billion. ZF, which supplies transmissions and hybrid drivetrain solutions to automakers, is currently facing weak demand and mounting costs associated with the industry's shift toward electric vehicles (EVs). 5 billion, down from €2. The company cited cost pressure, weak EV demand, and declining transmission volumes for conventional and hybrid vehicles as key challenges. The change in leadership occurs at a critical juncture for the company while it executes an overall restructuring plan that involves cutting up to 14,000 positions in Germany. Adjusted EBIT fell to €1,5 billion, with a margin of 3,6%. Jul 26, 2024 · ZF assumes that the number of employees in Germany will be gradually reduced by around 11,000 to as many as 14,000 by the end of 2028. He stated that restructuring would enhance ZF’s competitive edge and solidify its position as one of the world’s largest parts suppliers. Jul 10, 2025 · (Reuters) -Germany's second-largest automotive supplier ZF Friedrichshafen plans to take even more stringent cost-cutting measures in the event that global car production declines further, finance chief Michael Frick told WirtschaftsWoche magazine. The social partners intend to define measures to make the division more profitable by the end of September. ZF, which helps automakers develop gearboxes and hybrid drivetrains, said on Thursday it had set aside 600 million euros for restructuring costs last year Oct 1, 2025 · Following lengthy negotiations, ZF and employee representatives have agreed on a ‘restructuring alliance’ for the struggling Electrified Drive Technologies division. Holger Klein, effective Mar 20, 2025 · In total, ZF ended 2024 with 161. "We are below our projections," the CFO said in an Mar 20, 2025 · Germany-based automotive components manufacturer ZF Friedrichshafen has reported a consolidated sales figure of €41. . Jul 31, 2025 · ZF's restructuring is a bold attempt to redefine its role in the automotive ecosystem. The change was officially announced on September 11, 2025, when ZF’s Supervisory Board approved a mutual agreement for the exit of current CEO Dr. Holger Klein when presenting the balance sheet in Friedrichshafen on Thursday. The ZF Aftermarket division was one of the positive highlights, with organic growth of 12%. The company, which provides technology systems for cars, commercial vehicles and industrial… Latest news and press releases from ZF Group. Canada ZF Investments will acquire Genesus and its subsidiaries, forming Genesus Genetic Technologies to operate globally. Jul 26, 2024 · Foto: ZF ZF restructuring: up to 14,000 jobs to be cut ZF Friedrichshafen AG announced a realignment of its structures in order to increase competitiveness and take account of the changes in the mobility sector, particularly with regard to electromobility. The swine genetic industry has seen dramatic changes, with major consolidation and increased capital requirements for Oct 2, 2025 · The “restructuring alliance” will see the struggling division remain part of ZF after management had considered alternatives ranging from a sale to winding it down. Due to strong competition, cost pressure and weak demand for electric vehicles, the restructuring will focus on the Electrified Powertrain Technologies division. The crisis in the automotive sector is hitting the heavily indebted supplier ZF hard. UL) is considering a spin-of of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources. Oct 1, 2025 · News ZF reaches agreement with unions on Division E restructuring, job cuts loom The deal, announced this week, promises cost savings of more than €500 million by 2027, but also foresees significant sacrifices from employees, including 7,600 job cuts in Division E by 2030. Mar 21, 2025 · In the face of a challenging economic environment and industry transformation, ZF Friedrichshafen AG has presented a mixed but strategically pivotal financial performance for the fiscal year 2024, underlining the impact of bold restructuring and continued innovation in future mobility technologies. Jan 18, 2024 · A fresh wave of job cuts is sweeping across Germany’s car suppliers with companies including Bosch and ZF Friedrichshafen racing to reduce costs as they struggle with an expensive transition to Oct 1, 2025 · ZF has finalized a landmark agreement with employee representatives to restructure its Electrified Powertrain Technology division, implementing significant cost-saving measures and planned job reductions to enhance its long-term market competitiveness. The company is adjusting production capacities, enhancing competitiveness, and focusing on profitability through strategic realignments. Aug 1, 2025 · ZF Friedrichshafen AG (ZF) announced that it is accelerating its restructuring program and strategic realignment to address the increasingly challenging automotive markets. Feb 19, 2025 · ZF announced in July 2024 a company-wide restructuring to consolidate German locations and reduce up to 14,000 jobs by 2028. Meanwhile, a net loss of €1,020 million stemmed Oct 1, 2025 · ZF's Restructuring and Financial Challenges ZF's job cuts are part of a broader effort to address a financial crisis marked by high debt, poor profitability, and a sluggish transition to EVs. Feb 18, 2025 · Automotive supplier ZF is apparently looking into the complete spin-off of its ‘Electrified Drive Technologies’ division. Mar 18, 2021 · Net profit after tax of minus €741 million is essentially due to provisions for restructuring and substantial upfront expenditures for future tasks, which ZF wants to pursue despite strict cost discipline. The move, if confirmed, would mark a significant restructuring beyond previously announced cost-cutting measures. The group recorded a net loss of €195 million, according to Chief German automotive supplier ZF Friedrichshafen plunged to a 1 billion euro ($1. While the company's cost-cutting and portfolio moves address immediate challenges, its long-term success depends on its ability to dominate the software-defined and electrified vehicle markets. But investments in Commercial Vehicles Technology will rise ZF announces it is “realigning its structures to increase its competitiveness and respond to the changes in the mobility sector, particularly in the field of electromobility”. Jul 26, 2024 · German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign competition. ZF’s CEO, Holger Klein, has overseen the division on an interim basis, guiding it through a Mar 20, 2025 · German automotive supplier ZF Friedrichshafen suffered a loss of more than €1 billion ($1. 6 billion in 2023, reflecting a (July 31): Germany's second-largest automotive supplier ZF Friedrichshafen said on Thursday it is intensifying its restructuring measures and no longer rules out compulsory lay-offs, as it grapples with a slowdown in the car industry. 4 billion, yielding a 3. The move follows ongoing financial difficulties within the division and aims to secure long-term competitiveness and employment stability. Against this backdrop and assuming stable exchange rates, ZF expects to generate Group sales of more than €40 billion in 2025. The company reported sales of €41. Mar 20, 2025 · ZF will continue to be intensively involved in the restructuring that has already been initiated this year. Apr 22, 2025 · We project ZF’s leverage will remain elevated and constrained by market conditions remaining soft in 2025, despite some improvements in the group’s S&P Global Ratings adjusted EBITDA margin to 7. automotive industry, chassis solutions, electrified drive technology, electrombility, Industrial Technology, Job Cuts, vehicle technology, ZF. See also: ZF Names Mathias Miedreich as CEO Amid May 29, 2020 · As announced on 29 May 2020, the German automotive parts manufacturer and supplier ZF Friedrichshafen will cut approximately 7,500 jobs in Germany (12,000 to 15,000 jobs worldwide) within the next 5 years due to inevitable restructuring. Jul 29, 2024 · The German automotive giant plans major restructuring, aiming to cut up to 14,000 jobs by 2028, focusing on electrified powertrain technologies amid market pressures ZF Friedrichshafen AG, based in Germany, has announced a strategic realignment to boost its competitiveness amid evolving mobility sector dynamics, especially in electromobility, according to a press release dated July 26. Leadership Transition Mar 16, 2023 · With these results, ZF has achieved its forecast adjusted in the fall. "We have reached around €5. Jul 31, 2025 · (Reuters) -Germany's second-largest automotive supplier ZF Friedrichshafen said on Thursday it is intensifying its restructuring measures and no longer rules out compulsory layoffs, as it grapples Mar 20, 2025 · BERLIN (Reuters) - German automotive supplier ZF Friedrichshafen plunged to a 1 billion euro ($1. Feb 19, 2025 · German automotive supplier ZF is reportedly exploring a complete spin-off of its ‘Electrified Drive Technologies’ division under the internal project name ‘Verde,’ according to a Handelsblatt report. CEO Holger Klein and Commercial Vehicle Division President Peter Laier must leave. Sep 7, 2025 · ZF’s strategic restructuring in the face of evolving automotive industry dynamics has positioned the company at a critical juncture. 1 billion) in 2024, the company said on Thursday as it presented its annual report. Holger Klein at the balance sheet presentation in Feb 18, 2025 · BERLIN (Reuters) - German automotive supplier ZDF is considering a spin-of of its electric drive train division, the Handelsblatt business news outlet reported on Tuesday, citing company sources. 6bn. The exact extent of the job cuts, and Sep 11, 2025 · ZF CEO Klein leaves as Miedreich takes over In the midst of negotiations on extensive restructuring, the supervisory board of Germany's second-largest automotive supplier, ZF, has reorganised the management board in an extraordinary meeting. Sep 13, 2025 · ZF Friedrichshafen, Germany’s second-largest automotive supplier, has reshuffled its top management during ongoing restructuring talks, appointing Mathias Miedreich as chief executive while announcing the departures of current CEO Holger Klein and commercial vehicle chief Peter Laier. Mar 20, 2025 · German automotive supplier ZF Friedrichshafen plunged to a 1 billion euro ($1. Jul 27, 2024 · ZF Group to reduce workforce in Germany by 11,000-14,000 by 2028 Due to strong competition, cost pressure and weak demand for electric vehicles, the restructuring will focus on the Electrified Nov 3, 2025 · ZF Friedrichshafen will cut around a quarter of its workforce in its electrified powertrain technology unit by 2030 under a restructuring deal reached with its works council and labour union IG Usearch identified 10 signals for ZF, including: 1 Major Hiring, 1 Mergers and Acquisitions, 3 Layoffs and 5 Partnerships. Adjusted EBIT reached €1. Our strategic approach of "Strengthening our Strengths – Unlocking our Potential" is the key to ensuring that ZF continues to focus on profitable growth in a powerful and sustainable manner. Oct 1, 2025 · ZF Friedrichshafen will cut around a quarter of its workforce in its electrified powertrain technology unit by 2030 under a restructuring deal reached with its works council and labour union IG Jul 31, 2025 · ZF Friedrichshafen AG, a cornerstone of the global automotive supply chain, has embarked on an aggressive restructuring campaign in 2025, betting on cost-cutting, operational realignment, and technological innovation to reclaim its position as a leader in the software-defined vehicle (SDV) era. Oct 1, 2025 · ZF Friedrichshafen AG has reached a landmark agreement with its employee representatives to restructure its Electrified Powertrain Technology division, known as Division E, a plan that will result in 7,600 job cuts by 2030. This database was created in 2002. Jul 26, 2024 · German automotive supplier ZF Friedrichshafen plans to cut between 11,000 and 14,000 jobs in the country by the end of 2028, the company announced on Friday. 4 billion, down from €46. This has come as the company presses forward with a far-reaching cost-cutting and restructuring plan. Jul 31, 2025 · Auto supplier ZF Friedrichshafen said it is intensifying its restructuring measures and no longer rules out compulsory layoffs, as it grapples with a slowdown in the car industry. The restructuring will consolidate German locations, resulting in a gradual reduction of 11,000 to Jul 31, 2025 · July 29 saw renewed protests against the cuts to wages, jobs and conditions being imposed by the world’s sixth-largest auto supplier, ZF Friedrichshafen AG. 7% in 2024 thanks to lower restructuring costs and operating efficiencies. In response to the increasingly challenging situation in the automotive markets, the technology group ZF Friedrichshafen AG is accelerating its restructuring program and strategic realignment. “Thanks to the great commitment of the entire ZF team, we have achieved our financial targets. 4bn for the fiscal year 2024, an 11% decrease from the previous year's €46. Dec 12, 2023 · Restructuring events European Restructuring Monitor (ERM) 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. A sale of the division is off the table for the time being, as are site closures, but there will still be major personnel cuts. 631 employees worldwide, a decrease of 4% compared to the previous year. Jul 31, 2025 · In response to the increasingly challenging situation in the automotive markets, the technology group ZF Friedrichshafen AG is accelerating its restructuring program and strategic realignment. We will now continue on this path Oct 1, 2025 · ZF Friedrichshafen AG is cutting 7,600 positions at its electrified drivetrain division as the German car-parts maker steps up its restructuring efforts to deal with poor demand. ZF Feb 19, 2025 · The spin-off due to cost saving issues Indeed, ZF announced in July 2024 a company-wide restructuring to consolidate German locations and reduce up to 14,000 jobs by 2028. Jul 11, 2025 · German supplier ZF Friedrichshafen plans to take even more stringent cost-cutting measures in the event that global car production declines further, finance chief Michael Frick told Jan 19, 2024 · The automotive supplier is cutting up to 12,000 jobs and closing two plants in Germany as it moves operations to lower-cost countries. Against this backdrop and assuming stable exchange rates, ZF expects to generate Group Jul 29, 2024 · ZF to cut up to 14K jobs in e-powertrain division. Discover the impact of this restructuring and the €500 million savings initiative by 2027. Sep 7, 2025 · ZF Friedrichshafen chief executive Holger Klein said his struggling auto parts company has not yet achieved its self-imposed cost-cutting goals, despite progress. Oct 6, 2025 · On October 1, 2025, ZF Friedrichshafen AG notified the appointment of Mathias Miedreich as its new Chief Executive Officer. Oct 1, 2025 · ZF Friedrichshafen AG is cutting 7,600 positions at its electrified drivetrain division as the German car-parts maker steps up its restructuring efforts to deal with poor demand. The deal is part of broader measures aimed at strengthening competitiveness and securing the division’s long-term future. Europe's auto sector is strugglingwith weak demand, the hi… Sep 16, 2025 · ZF Group's strategic restructuring and debt financing initiatives have become a focal point for investors navigating the automotive sector's turbulent transition to electrification and software-driven systems. Jul 10, 2025 · Germany's second-largest automotive supplier ZF Friedrichshafen (ZFF. It is rumoured that the company is Oct 14, 2025 · Breaking: ZF Friedrichshafen AG reveals plans to cut 7,600 jobs in its electrified drivetrain division amid declining demand. As the German automotive supplier grapples with declining sales, rising production costs, and geopolitical uncertainties, its aggressive cost-cutting measures and capital allocation Nov 21, 2025 · The company — which makes drugs like Ozempic and Wegovy — said the layoffs were part of wider restructuring, as it works to sell more obesity and diabetes medications amid rising competition. However, the company said 7,600 jobs will be cut in Division E by 2030, mainly through attrition and severance programmes, while working hours and benefits will also be reduced. As the global transition to electric vehicles (EVs) accelerates, ZF’s cost-cutting initiatives and strategic partnerships are being tested for their long-term viability. Nov 25, 2024 · At AIRBAG 2024 from November 25 to 27 in Mannheim, ZF LIFETEC will present system solutions for the international automotive market Vehicle manufacturers are in the midst of a paradigm shift The Chinese automotive market is on its way to becoming a driver of innovation, regulation, and revenue ZF LIFETEC meets the challenges of its customers The global automotive industry is in the midst of a Mar 21, 2024 · “2023 was a year of wide-ranging decisions for ZF: We have realigned the company’s transformation course and focused on competitiveness and profitability,” said ZF’s CEO Dr. Germany's second-largest automotive supplier ZF Friedrichshafen said on Thursday it is intensifying its restructuring measures and no longer rules out compulsory layoffs, as it grapples with a Jul 27, 2024 · ZF is adapting to the evolving automotive landscape. Aug 7, 2020 · Early and effective cost reduction measures secure liquidity of company Group structures and capacities will be aligned long term to global decline in vehicle production and technology shifts Foundation of new division for electric car drives WABCO integration on schedule “Transformation Collective Agreement” flexes working hours of around 50,000 employees in Germany Positive adjusted EBIT Jul 11, 2025 · As part of an ongoing restructuring plan, ZF aims to cut up to 14,000 jobs in Germany by 2028-about 25% of its total German workforce. Jul 31, 2025 · The supplier's management team has agreed on a roadmap for restructuring the powertrain division with the works council and IG Metal. 1 billion) loss last year as it set aside hundreds of millions of euros for a restructuring to address what it called Jul 26, 2024 · ZF cuts up to 14,000 jobs – focus on electric drive division The supplier ZF announced that it will gradually reduce the number of employees in Germany by 11,000 to 14,000 by 2028. Nationwide, over 12,000 workers Oct 1, 2025 · ZF reaches agreement with labor groups to restructure Division E, ensuring competitiveness and technological progress. Jan 17, 2024 · 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. Jul 26, 2024 · (IN BRIEF) ZF Friedrichshafen AG is realigning its structures to enhance competitiveness, focusing on Commercial Vehicle Technology, Chassis Solutions, Industrial Technology, and Aftermarket divisions. Sep 22, 2025 · A surge in sales of combustion engine cars ahead of the EU's 2035 ban on their sale will create a difficult transition for automakers, ZF CEO Holger Klein said. 6% margin compared to 5. Aug 1, 2025 · ZF Friedrichshafen has reached an agreement with its works council and the IG Metall union to establish a joint roadmap for restructuring its Electrified Drive Technologies Division, known as Division E. Due to the slowdown in the sector and the changes brought about by the new conditions, the company has announced intensified restructuring measures. (JOHN IRWIN/AUTOMOTIVE NEWS) By Reuters News Jul 31, 2025 · July 31 (Reuters) - Germany's second-largest automotive supplier ZF Friedrichshafen said on Thursday it is intensifying its restructuring measures and no longer rules out compulsory layoffs, as it grapples with a slowdown in the car industry. Oct 27, 2024 · German automotive supplier ZF Friedrichshafen has appointed Mathias Miedreich, former CEO of Umicore, as the new head of its Electrified Powertrain Technologies division, effective January 1, 2025. Jul 31, 2025 · In response to the increasingly challenging situation in the automotive markets, the technology group ZF Friedrichshafen AG is accelerating its restructuring program and strategic realignment. 1% in 2023. 1 billion) loss last year as it set aside hundreds of millions of euros for a restructuring to address what it called the "enormous pressure" facing its industry. Find all press media in our database. “Even though we made further progress with our strategy in 2022, we cannot be satisfied with this financial result,” said ZF CEO Dr. Mar 20, 2025 · German automotive supplier ZF has endured a brutal 2024 and reported yearly losses of more than €1 billion. 4% from 5. The decision is Oct 1, 2025 · ZF Friedrichshafen AG is cutting 7,600 positions at its electrified drivetrain division as the German car-parts maker steps up its restructuring efforts to deal with poor demand. Major restructuring at ZF: Announces 14,000 job cuts to boost electromobility. Sep 11, 2025 · ZF to get new CEO amid restructuring, big job losses ZF logos are seen at its display at the 2025 ACT Expo in Anaheim, Calif. CEO Holger Klein hopes for new partnerships, but the prospects remain grim and linked to the crisis in the German auto sector. yul qrldmjz idjgb jag hxw ako puyrjsm kkqh rtzhv wlidtdp kjdi lscqtvk urmdr bksi guzogzq