Friedrichshafen, Germany, ZF completes Acquisition of brake manufacturer Wabco

The ZF company and the General works Council was informed on Friday evening. "The merger of these two successful companies is what makes our commercial vehicle

Friedrichshafen, Germany, ZF completes Acquisition of brake manufacturer Wabco

The ZF company and the General works Council was informed on Friday evening. "The merger of these two successful companies is what makes our commercial vehicle Systems innovative and efficient," said the Chairman of the Board of ZF in Friedrichshafen, Germany, Wolf-Henning Scheider, according to a statement. The Chairman of the General works Council, Achim Dietrich, commented on the step: "The Acquisition of Wabco, ZF is for all of us a huge opportunity." The step falls in the unfavourable times. ZF wants to swipe up to 2025 up to 15 000 jobs worldwide, about half of them in Germany. This is evident from an internal Letter from the ZF Board of management to the employees on Thursday, the German press Agency was present. In view of this, the works Council, work will have in the coming months, especially with a goal in focus: the protection of jobs, such as Dietrich told more.

ZF had announced in the past year, to Wabco for good 6.2 billion Euro take over. The suppliers from the lake of Constance would secure competence for the commercial vehicle brake systems needed for automated Driving, urgent and, so far, self has not.

dpa
Updated Date: 29 May 2020, 17:26

You need to login to comment.

Please register or login.

RELATED NEWS