Germany: Major Car Parts Company to Lay Off at Least 11,000 Workers Because of Low EV Demand


Obligatory

People don’t even want these stupid electric cars.

First off, they’re gay.

Breitbart:

Dismal electric car sales have reportedly forced German car parts giant ZF Friedrichshafen AG to cut jobs. The layoffs are in response to “the changes in the mobility sector, particularly in the field of electromobility.”

“The number of employees in Germany is to be successively reduced by 11,000 to 14,000 from the current level of around 54,000 by 2028,” ZF announced, according to a report by France 24.

The decision to make the cuts — which consist of a fifth to a quarter of its employees in Germany — was made in order to “respond to the changes in the mobility sector, particularly in the field of electromobility” as the supplier struggles to adjust.


What the workers look like in the factories


What the workers look like on their website

ZF CEO Holger Klein reportedly called the job cuts “difficult but necessary.”

“The seriousness of the situation calls for decisive action to be able to adapt the company to the tougher market and competitive environment,” Klein said.

The CEO added that ZF needed to be restructured in order to “strengthen our competitiveness and consolidate our position as one of the world’s leading suppliers.”

Klein went on to cite strong competition from foreigners, cost pressures, and weak demand for electric vehicles as reasons why the company needed to restructure its electric motors division, France 24 reported.

Chinese manufacturers, which Klein noted have been “highly competitive,” have surpassed others in the rising EV market.

The ZF CEO added that creating motors for electric vehicles produced “low margins,” and that the company has been struggling to “cross-finance purely electric drives” from its conventional and hybrid vehicle initiatives.

The only context in which “EVs” make sense is if they are cheaper than real cars. China is actually making EVs that only cost $9,000. But the EU is tariffing them and preventing the import of certain models with bullshit safety bullshit.

If the electric car is not cheaper, no one wants it.

Of course, probably, this situation in Germany means something more than that, and is also indicative of a general decline in the German economy, which is driven by the anti-Russian sanctions making it too expensive to produce things in Germany. It’s actually probably more that than it is that people decided EVs are retarded.