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
475 jobs Number of planned job creations
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.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
