ZF Friedrichshafen strategic and labor developments

Overview

ZF Friedrichshafen is undergoing strategic and structural changes within its operations. The company is expanding its Commercial Vehicle Solutions division, aiming to increase its revenue from approximately 7.8 billion euros to nine billion euros by the end of the decade. This expansion focuses on drivetrain, chassis, braking, and steering technologies to capitalize on the electric truck market, despite competition from Chinese manufacturers.

Concurrently, the company has reached agreements with the IG Metall union and the works council regarding labor and site security. In Friedrichshafen, a new ‘Leistung-Plus’ model will replace the ‘Zeppelin-Zulage’ supplement by July 2027, linking extra payments to individual performance and economic success. Furthermore, several locations, including Hannover, Langenhagen, Jeversen, and Gronau, have secured their operations until at least late 2030, with commitments to specific products and protections against operational redundancies through 2028.

Entities

ZF Friedrichshafen · Lea Corzilius · Mathias Miedreich · IG Metall · ZF Friedrichshafen AG

Timeline

1 day ago

[BUSINESS] 2 sources
ZF Friedrichshafen reaches compensation and site security agreements
ZF Friedrichshafen has reached agreements with IG Metall to restructure compensation for 8,000 staff and secure several German production sites, including Hannover, through 2030.
9 days ago

[BUSINESS] 2 sources
ZF Friedrichshafen expands commercial vehicle business amid electric truck boom
ZF Friedrichshafen aims to grow its commercial vehicle division to 9 billion euros in revenue by 2030, leveraging the shift toward electric trucks despite competition from China.

Sources

ad-hoc-news.de · industriemagazin.at · oldenburger-onlinezeitung.de · vdi-nachrichten.com