Restructuring events
European Restructuring Monitor (ERM)
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.
ZF Friedrichshafen, one of the main German automotive suppliers, announced its plans to create 2,000 new jobs worldwide in 2014. 500 of the new jobs will be created in Germany, whilst the remaining 1,500 will be spread in its locations worldwide.
ZF Friedrichshafen operates in 26 countries, 19 of which in Europe. The company currently employs about 72,600 people around the world; of these, 41,900 are based at its locations in Germany. In 2013, the company increased its workforce by 6% creating 4,200 new jobs in 2013, 2,000 of which in Germany alone. The ERM has previously reported on other cases of global job creation by ZF Friedrichshafen in 2007, when 3,000 new jobs were created around Europe, and in 2011, where 4,500 new positions were created worldwide.
Eurofound (2014), ZF Friedrichshafen, Business expansion in World, factsheet number 77157, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77157.