ZF takes 600 million euros hit for restructuring, primarily staff cuts CEO Klein cites industry pressure, plans to cut 14,000 jobs by 2028 Little improvement expected this year BERLIN, March 20 ...

ZF lowered its annual sales forecast twice last year. Sales shrank by around 11 per cent to 41.4 billion euros, partly due to the divestment of its axle assembly business. German automotive ...