EMCC European Monitoring Centre on Change

ZF Friedrichshafen

Company/Organisation:
ZF Friedrichshafen

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles

Employment Effects

Announcement Date: 21-04-2011
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2011
Foreseen End Date: 31-12-2011
Planned Job Creation: 2000

Additional Information

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.