Company/Organisation:
Valeo
Geographic Location
Country:
World
Company
Sector:
Manufacturing
Manufacture of transport equipment
29.32 - Manufacture of other parts and accessories for motor vehicles
Number Employed:
70000
Employment Effects
Announcement Date:
22-02-2012
Type of Restructuring:
Business expansion
Employment Effect Start:
01-03-2012
Foreseen End Date:
01-01-2015
Planned Job Creation:
15000
Additional Information
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:
22-02-2012AFP-Liaisons
22-02-2012Le Parisien
Sources Links:
www.leparisien.fr/flash-actualite-economie/valeo-veut-creer-15-000-postes-d-ici-2015-dont-environ-10-en-france-22-02-2012-1872552.php