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Electric car woes force German supplier ZF to axe jobs
Electric car woes force German supplier ZF to axe jobs
Business and Economy
by  AFP

German car parts manufacturer ZF said Friday it would cut a fifth to a quarter of jobs in Germany as it struggled with the switch to electric vehicles and foreign competition. The switch to electric vehicles was eating away at demand for "transmissions for conventional and hybrid vehicles", an area where German suppliers have traditionally excelled, it said.