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
2,000 jobs Number of planned job creations
Announcement Date
21 April 2011
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2011
Description
On 21 April 2011, car parts supplier ZF Friedrichshafen announced the creation of 2,000 jobs in Germany throughout 2011. The company is coming out of the recession and it is now recording rising sales (12.9 billion euro for 2010).
The job creation in Germany is part of a worldwide expansion strategy. ZF has also stated the intention to create a total of 5,000 new jobs on a global scale.
The company currently employs some 40,000 people in Germany and over 64,000 worldwide.
Eurofound (2011), ZF Friedrichshafen, Business expansion in Germany, factsheet number 72224, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72224.
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