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 29.32 - Manufacture of other parts and accessories for motor vehicles
2,000 jobs Number of planned job creations
Announcement Date
30 April 2014
Employment effect (start)
1 May 2014
Foreseen end date
31 December 2014
Description
ZF Friedrichshafen, one of the main German automotive suppliers, announced its plans to create 2,000 new jobs worldwide in 2014. 500 of the new jobs will be created in Germany, whilst the remaining 1,500 will be spread in its locations worldwide.
ZF Friedrichshafen operates in 26 countries, 19 of which in Europe. The company currently employs about 72,600 people around the world; of these, 41,900 are based at its locations in Germany. In 2013, the company increased its workforce by 6% creating 4,200 new jobs in 2013, 2,000 of which in Germany alone. The ERM has previously reported on other cases of global job creation by ZF Friedrichshafen in 2007, when 3,000 new jobs were created around Europe, and in 2011, where 4,500 new positions were created worldwide.
Sources
30 April 2014: ZF Friedrichshafen (press release)
Citation
Eurofound (2014), ZF Friedrichshafen, Business expansion in World, factsheet number 77157, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77157.
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