EMCC European Monitoring Centre on Change

ZF Stankov

Company/Organisation:
ZF Stankov

Geographic Location

Country: Czechia
Region: Plzensky; Jihozapad
Location of affected unit(s): Stankov

Company

Sector: Manufacturing
Manufacture of transport equipment
29.32 - Manufacture of other parts and accessories for motor vehicles
Number Employed: 185
Group: ZF Friedrichshafen (ZF Group)

Employment Effects

Announcement Date: 19-05-2014
Type of Restructuring: Business expansion
Employment Effect Start: 01-07-2014
Foreseen End Date: 31-12-2015
Planned Job Creation: 115

Additional Information

German engineering company ZF is to double its production capacity and will gradually create 115 new jobs at its site in Stankov near the city of Domazlice. The business expansion with an investment of CZK 150 million is to start in summer 2014 and will continue in 2015. The company, which produces construction machinery axles and gearboxes for forklifts, intends to open a new manufacturing hall and to launch the production of three new products in 2015. Consequently, most of the new jobs will be created in 2015. As reported, the company is thriving economically and dozens of people have been already recruited since the beginning of 2014.

Globally, ZF has 121 production locations in 27 countries with approximately 71,500 employees.