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
1,200 jobs Number of planned job creations
Announcement Date
17 July 2007
Employment effect (start)
17 July 2007
Foreseen end date
31 December 2007
Description
On 17 July 2007, the automotive supplier ZF Friedrichshafen AG (ZF) announced that it is to create 1200 jobs in Germany by the end of 2007. Mr Härter, Chairman of the firm's board, stated that the restructuring measures of the past had allowed for greater flexibility within the firm, which in turn had paved the way for the creation of new jobs. The job creation is part of a European wide expansion strategy. ZF employs around 55,000 employees in 25 countries.
Sources
17 July 2007: Handelsblatt
17 July 2007: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2007), ZF Friedrichshafen AG, Business expansion in Germany, factsheet number 65626, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65626.
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