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 29.32 - Manufacture of other parts and accessories for motor vehicles
115 jobs Number of planned job creations
Announcement Date
19 May 2014
Employment effect (start)
1 July 2014
Foreseen end date
31 December 2015
Description
German engineering company ZF is to double its production capacity and will gradually create 115 new jobs at its site in Stankov near the city of Domazlice. The business expansion with an investment of CZK 150 million is to start in summer 2014 and will continue in 2015. The company, which produces construction machinery axles and gearboxes for forklifts, intends to open a new manufacturing hall and to launch the production of three new products in 2015. Consequently, most of the new jobs will be created in 2015. As reported, the company is thriving economically and dozens of people have been already recruited since the beginning of 2014.
Globally, ZF has 121 production locations in 27 countries with approximately 71,500 employees.
Sources
19 May 2014: Finanční noviny
Citation
Eurofound (2014), ZF Stankov, Business expansion in Czechia, factsheet number 77031, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77031.
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