Type
Business expansion
Country
Germany
Region
Bayern; Schwaben; Ostallgäu
Location of affected unit(s)
Marktoberdorf
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles

400 jobs
Number of planned job creations
Job creation
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62507.