EMCC European Monitoring Centre on Change

ZF Hungary

Company/Organisation:
ZF Hungary

Geographic Location

Country: Hungary
Region: Heves; Eszak-Magyarorszag; Alfod es Eszak
Location of affected unit(s): Eger

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 658
Group: ZF AG

Employment Effects

Announcement Date: 03-11-2010
Type of Restructuring: Business expansion
Employment Effect Start: 03-11-2010
Foreseen End Date: 31-12-2010
Planned Job Creation: 170

Additional Information

On 3 November 2010, ZF Hungary announced that it is to hire 170 workers in Eger (Hungary) by the end of this year. Over the past years, the crisis has forced the company to reduce its workforce. For example, in 2008 they had 800 employees and during 2009 there were only 658 employees due to a series of dismissals.

The company is looking to recruit qualified gearbox mechanics, storage quality controllers, mechanical engineers and strategic purchasers. The company anticipates that the increase in production will boost market demand and employment at suppliers within a 30kms radius of the company.

ZF develops and produces transmissions, steering systems, axles, and chassis components as well as complete systems for passenger cars, commercial vehicles, and off-road machinery. Since German ZF AG bought the Csepel Auto factory in 1995, ZF has been operating in Hungary and has invested around 200 Million Euros.