EMCC European Monitoring Centre on Change

ZF Friedrichshafen AG

Company/Organisation:
ZF Friedrichshafen AG

Geographic Location

Country: World
Location of affected unit(s): Germany; Slovakia; Czech Republic; Russia

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Number Employed: 55000

Employment Effects

Announcement Date: 17-07-2007
Type of Restructuring: Business expansion
Employment Effect Start: 01-01-2007
Foreseen End Date: 31-12-2011
Planned Job Creation: 3000

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 in Germany is part of a European wide expansion strategy. In 2007, ZF announced that it will create a further 1800 jobs, mainly in Eastern European countries, until the end of 2011. In 2007, the firm began production at a site in Slovakia at which 1100 will eventually be employed. ZF also acquired the engineering company Value Engineering Services in Czech Republic. 60 are currently employed at this site, but ZF has stated that it intends to expand employment at the site to 150. ZF also plans to increase employment at its production sites in Russia.