Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
ZF Friedrichshafen, Germany-headquartered manufacturer of parts and accessories for motor vehicles, plans to create 4,500 jobs worldwide in 2012.
The firm had already grown its workforce by 12 per cent in 2011 compared to 2010, having seen high growth rates in North America, Eastern Europe and South America. This was partly due to acquisitions.
Although the firm's chief executive officer Hans-Georg Haerter has said that the economic indicators are not unambiguous, the ZF Friedrichshafen still expects to gain market share and grow its sales. It plans to invest around 1.4 billion Euros in 2012, contributing to the employment expansion.
Eurofound (2011), ZF Friedrichshafen, Business expansion in World, factsheet number 73261, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73261.