Type
Business expansion
Country
Slovakia
Region
Zapadne Slovensko; Nitriansky kraj;
Location of affected unit(s)
Levice
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.3 - Manufacture of parts and accessories for motor vehicles

475 jobs
Number of planned job creations
Job creation
Announcement Date
21 April 2008
Employment effect (start)
Foreseen end date
18 April 2008

Description

ZF Friedrichshafen, which produces components for chassis and transmission systems mainly for Kia Motors, Volkswagen and PSA Peugeot-Citroën, has created 475 jobs at its new production plant in Levice-Géňa industrial park. According to the president of the ZF Board, Hans-Georg Härter, this is the first stage of the German company’s business expansion in the park. The Greenfield investment amounted to Euro 30 million and company management has announced that it plans to increase the investment by a further Euro 50 million and will create a further 1,100 new jobs there by the end of 2011.


Sources

  • 21 April 2008: Hospodárske noviny

Citation

Eurofound (2008), ZF Levice, Business expansion in Slovakia, factsheet number 66540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66540.