ZF Group continues to advance its restructuring plan

German automotive parts manufacturer ZF Group is undergoing a new round of layoffs and restructuring, primarily focused on management functions at its headquarters and business units. This restructuring includes new severance packages and early retirement programs. ZF employs approximately 160,000 people worldwide, with about 4,500 in its German management division. While initial internal reports indicated that administrative staff might be reduced by around 20%, the exact number of positions has not yet been determined.