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.
Sources:
17-07-2007Handelsblatt
17-07-2007Frankfurter Allgemeine Zeitung