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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
4,500 jobs Number of planned job creations
Announcement Date
15 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2012
Description
ZF Friedrichshafen, Germany-headquartered manufacturer of parts and accessories for motor vehicles, plans to create 4,500 jobs worldwide in 2012.
The firm had already grown its workforce by 12 per cent in 2011 compared to 2010, having seen high growth rates in North America, Eastern Europe and South America. This was partly due to acquisitions.
Although the firm's chief executive officer Hans-Georg Haerter has said that the economic indicators are not unambiguous, the ZF Friedrichshafen still expects to gain market share and grow its sales. It plans to invest around 1.4 billion Euros in 2012, contributing to the employment expansion.
Sources
15 December 2011: ZF Friedrichshafen
Citation
Eurofound (2011), ZF Friedrichshafen, Business expansion in World, factsheet number 73261, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73261.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
