{"id":343,"date":"2024-07-29T04:40:33","date_gmt":"2024-07-29T04:40:33","guid":{"rendered":"https:\/\/timesofgerman.com\/german-auto-supplier-zf-to-cut-up-to-14000-jobs-by-2028\/"},"modified":"2024-07-29T04:40:33","modified_gmt":"2024-07-29T04:40:33","slug":"german-auto-supplier-zf-to-cut-up-to-14000-jobs-by-2028","status":"publish","type":"post","link":"https:\/\/timesofgerman.com\/en\/german-auto-supplier-zf-to-cut-up-to-14000-jobs-by-2028\/","title":{"rendered":"German Auto Supplier ZF To Cut Up To 14,000 Jobs By 2028"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p>German car parts manufacturer ZF said Friday it would cut up to a quarter of jobs in Germany, as the switch to electric vehicles puts pressure on the sector.<\/p>\n<p>&#8220;The number of employees in Germany is to be successively reduced by 11,000 to 14,000 from the current level of around 54,000 by 2028,&#8221; ZF said in a statement.<\/p>\n<div>\n<p>The decision to significantly reduce the size of its domestic workforce was needed to &#8220;respond to the changes in the mobility sector, particularly in the field of electromobility&#8221;, ZF said.<\/p>\n<p>&#8220;Due to strong competition, cost pressure and weak demand for electric vehicles,&#8221; the restructuring would focus on ZF&#8217;s electric&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.barrons.com\/amp\/news\/german-auto-supplier-zf-says-to-cut-up-to-14-000-jobs-by-2028-9543441d\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German car parts manufacturer ZF said Friday it would cut up to a quarter of jobs in Germany, as the switch to electric vehicles puts pressure on the sector. &#8220;The number of employees in Germany is to be successively reduced by 11,000 to 14,000 from the current level of around 54,000 by 2028,&#8221; ZF said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[229,75,46,230,232,231],"class_list":{"0":"post-343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-automotive","7":"tag-automobile","8":"tag-economy","9":"tag-germany","10":"tag-layoffs","11":"tag-synd","12":"tag-zf"},"_links":{"self":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/posts\/343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/comments?post=343"}],"version-history":[{"count":0,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/posts\/343\/revisions"}],"wp:attachment":[{"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/media?parent=343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/categories?post=343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timesofgerman.com\/en\/wp-json\/wp\/v2\/tags?post=343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}