ZF Friedrichshafen

Type
Business expansion
Country
Germany
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
2,000 jobs
Number of planned job creations
Job creation
Announcement Date
21 April 2011
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2011

Description

On 21 April 2011, car parts supplier ZF Friedrichshafen announced the creation of 2,000 jobs in Germany throughout 2011. The company is coming out of the recession and it is now recording rising sales (12.9 billion euro for 2010).

The job creation in Germany is part of a worldwide expansion strategy. ZF has also stated the intention to create a total of 5,000 new jobs on a global scale.

The company currently employs some 40,000 people in Germany and over 64,000 worldwide.

Sources

Citation

Eurofound (2011), ZF Friedrichshafen, Business expansion in Germany, factsheet number 72224, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72224.