The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing (29 - 30) Manufacture for transport equipment 29.1 - Manufacture of motor vehicles 29.1 - Manufacture of motor vehicles
400 jobs Number of planned job creations
Announcement Date
5 October 2005
Employment effect (start)
1 November 2005
Foreseen end date
31 December 2006
Description
Fendt, a producer of tractors belonging to American AGCO, will hire an additional 400 workers. Fendt is profiting from increasing demand in the new European Union member states and countries in Eastern Europe. It has doubled its turnover since 1997 and will further increase its production capacity.
Sources
6 October 2005: Yahoo! Finanzen Nachrichten
Citation
Eurofound (2005), Fendt, Business expansion in Germany, factsheet number 62507, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62507.