EMCC European Monitoring Centre on Change

Valeo

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%).