The company wants to cut jobs so as not to fall behind in international competition. There are currently more than 7,000 positions available across all business areas - including up to 3,200 in automotive supply.
Mostly affected are German locations in the drive division as well as in areas for control devices. The group also wants to strengthen the business areas particularly affected by the transformation of the industry. This year and next year, a further four billion euros will flow into machines and systems. This is a commitment to Germany as a location. The employee representatives viewed the agreement as a breakthrough and saw their demands met. It is a turning point in the talks. The employment opportunities for employees in Germany are the top priority. The works council was also promised to invest a total of around 700 million euros in training and qualification in the mobility division in Germany by 2027. The company therefore left open what other cost-cutting measures could look like. This must be shown by the negotiations with the local employee representatives, which should be concluded soon.