EMCC European Monitoring Centre on Change

ZF Friedrichshafen AG

Company/Organisation:
ZF Friedrichshafen AG

Geographic Location

Country: Germany

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 34000

Employment Effects

Announcement Date: 17-07-2007
Type of Restructuring: Business expansion
Employment Effect Start: 17-07-2007
Foreseen End Date: 31-12-2007
Planned Job Creation: 1200

Additional Information

On 17 July 2007, the automotive supplier ZF Friedrichshafen AG (ZF) announced that it is to create 1200 jobs in Germany by the end of 2007. Mr Härter, Chairman of the firm's board, stated that the restructuring measures of the past had allowed for greater flexibility within the firm, which in turn had paved the way for the creation of new jobs. The job creation is part of a European wide expansion strategy. ZF employs around 55,000 employees in 25 countries.