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.
The exact extent of the job cuts, and which ZF locations will be affected, will now be determined, the company said. ZF employs a total of 54,000 people across Germany.
The company plans to merge and consolidate production locations in Germany to “create an efficient production network,” ZF board member Peter Laier said in a press release announcing the plans.
“Our corporate responsibility is to…