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Supplier crisis - ZF wants to save millions: savings package at ZF in Friedrichshafen

ZF
Supplier crisis - ZF wants to save millions
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It sees working time reductions and a temporary reduction in above-standard allowances, as the company announced on Tuesday (9 March). In return, the permanent workforce receives an employment guarantee until 2013. ZF currently employs around 8,000 people on Lake Constance. Among them are around 550 temporary workers who will lose their jobs over the course of the year.

ZF wants to save millions

With these measures, ZF intends to reduce personnel expenses at the Friedrichshafen site by around 60 million euros annually by 2012. The ZF Group aims to save 600 million euros in the whole of Germany in the long term, including 200 million euros in personnel. In 2009 the specialist in driveline and chassis technology suffered a drop in sales of 25 percent to 9.3 billion euros and, according to preliminary figures, a loss of 300 to 400 million euros.

'See you since the end of 2008 faced with the biggest drop in demand in post-war history, 'said Rolf Lutz, head of the commercial vehicle and special drive technology division, according to the announcement. The number of gearboxes assembled in Friedrichshafen decreased from 267,000 to around 90,000 in 2009. After the end of the legally possible 24 months of short-time work, the collective bargaining agreement is to take effect. Afterwards, the weekly working time can be reduced from 35 to 30 or even 26 hours. In addition, the tariff increase due in April 2011 by 2.7 percent for one and a half years is to be offset against allowances above the tariff the austerity package shouldered the burden of reducing working hours and loss of income on many shoulders. The managers also made a contribution.

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