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Suppliers

German suppliers eye massive jobs cuts amid EV shift

ZF employees outside the supplier's headquarters in Friedrichshafen
ZF employees are seen outside the supplier's headquarters in Friedrichshafen, Germany, protesting job cuts. (ZF WORKS COUNCIL)
NE
By:
Nathan Eddy
January 22, 2024 04:04 PM

BERLIN -- The German supplier industry is on the brink of massive job cuts as a weak economy, high inflation and the move to electrification create the need for savings.

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