ZF Group to Lay Off 14,000 Employees as Part of Electrification Transition Automotive components manufacturer ZF Group has announced a major strategic shift, planning to lay off approximately 14,000 employees over the coming years to adapt to the rapid transformation within the automotive industry, particularly in the realm of electrification. This restructuring aims to reduce costs, enhance competitiveness, and free up resources for future endeavors in the electrification domain...