Schweinfurt is facing major economic challenges and is counting on the Chinese electric car manufacturer XPENG to settle there in order to save jobs. The city is threatened with massive job cuts, especially at automotive suppliers such as ZF and SKF.
Schweinfurt is fighting for its future and hopes to secure hundreds of jobs with a Chinese electric car manufacturer. Hundreds of job cuts are threatened in the Lower Franconian city, especially at automotive suppliers such as ZF and SKF. To counteract this development, the city council is actively trying to attract the Chinese electric car manufacturer XPENG to settle here. “We depend on production taking place here and people finding work,” stresses Mayor Sebastian Remelé.
Schweinfurt wants to score points with infrastructure
The city offers potential investors an excellent transport infrastructure and a qualified workforce. Support is to come from “Invest in Bavaria”, which brings international companies to Bavaria. XPENG is in a strategic partnership with Volkswagen and is looking for a production site in Europe. A location in Schweinfurt could give the struggling region a new boost and help the city secure important tax revenues. But time is running out, because job cuts, especially at ZF, could cost thousands of jobs by 2028.
The original of this article “After layoffs at major supplier: battered city wants to lure Chinese” comes from Bit Projects.
