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
700 jobs Number of planned job creations
Announcement Date
5 May 2017
Employment effect (start)
1 May 2017
Foreseen end date
31 December 2017
Description
Valeo, a French car parts manufacturer, has announced to create up to 700 jobs in France in 2017. Valeos' CEO highlights the difficulties to find the 700 employees, the group needs to maintain 45% of the R&D expenses in France . There are only 30,000 engineers trained each year in France in comparison to 1.5 to 2 million in China. This difficulties are reducing the growth capacities of Valeo, warns its CEO.
Previous recruitment were recorded in France in 2012 in the framework of a global recruitment plan to hire 15,000 jobs worldwide. In 2011, Valeo has recruited 1,000 employees in France including 600 managers and engineers.
Sources
5 May 2017: autoactu.com
Citation
Eurofound (2017), Valeo, Business expansion in France, factsheet number 91503, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91503.
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