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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
500 jobs Number of planned job creations
Announcement Date
10 May 2007
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2007
Description
In 2007, the German Würth Group, a global trader in fastening and assembly technology, will increase its German workforce of 15,300 by another 500 employees. Most of the new jobs will be created by expanding the network of pick-up branches in the country. The operating results of the company increased by 12% compared to the previous year reaching 177 million Euro in the first quarter of 2007. About 40% of the operating result has been achieved in Germany. The Group is planning to invest half a billion Euro in 2007 in its international structure and operations. The Würth Group employs 60,224 people worldwide, 29,685 of whom work as sales representatives.
Sources
10 May 2007: Handelsblatt
Citation
Eurofound (2007), Würth Group, Business expansion in Germany, factsheet number 65328, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65328.
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