Valeo

Type
Business expansion
Country
World
Region
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
15,000 jobs
Number of planned job creations
Job creation
Announcement Date
22 February 2012
Employment effect (start)
1 March 2012
Foreseen end date
1 January 2015

Description

On 22 March 2012, Valeo, manufacturer of automotive components, announced its intention to create 15,000 jobs worldwide by 2015. The company specified that this will include the recruitment of 1,000 engineers per year.

The company is taking this action in order to meet an increase in demand. The automotive market will increase up to 3-4% in 2012, according to Valeo's CEO. In 2011, the company's turnover reached 10.9 billion Euros with a profit of 427 million euros (+17%).

Sources

Citation

Eurofound (2012), Valeo, Business expansion in World, factsheet number 73272, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73272.