ZF to cut up to 15,000 jobs by 2025, report says

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By:

TOM SIMS

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By:

Reuters

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May 28, 2020 07:44 PM

FRANKFURT -- German supplier ZF Friedrichshafen plans to cut up to 15,000 jobs, or around 10 percent of its work force, by 2025 as a result of a slump in demand, according to a company memo.

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