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
450 jobs Number of planned job creations
Announcement Date
16 December 2016
Employment effect (start)
1 September 2017
Foreseen end date
Description
ZF Slovakia, the subsidiary of German automotive supplier ZF, is expanding its business in Slovakia and plans to create 450 new jobs, of which 50 will be in administration. The company is investing €12.5 million in a new factory in the southern Slovakian town of Sahy, where automotive absorbers will be assembled. All components will be delivered from Germany. Construction works are to be carried out between spring and September 2017. Presently, the main clients of ZF are PSA, Volvo, AM, Volkswagen and BMW. ZF Slovakia already operates factories in Trnava and Levice.
Sources
16 December 2016: TERAZ.SK
17 December 2016: E-trend
Citation
Eurofound (2016), ZF Slovakia, Business expansion in Slovakia, factsheet number 89700, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89700.
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