SAF-HOLLAND S.A. has hired 83 new industrial employees for plants in Keilberg, Frauengrund and Wörth am Main because of increasing utilizationof its production capacities since the beginning of the year.
"We are receiving an increasing number of orders and additional production shifts are needed. We are pleased to announce that we have been able to re-hire some of the employees laid off in 2009," said Steffen Schewerda, member of the Executive Board and responsible for SAF-HOLLAND's production worldwide.
In North America, over 100 production workers have been added to the workforce since the beginning of the year.
Market research institutes maintain a positive outlookfor the logistics and commercial vehicles sector in Europe and NorthAmerica. Due its high market share in these regions, SAF-HOLLANDexpects to benefit from the upturn in the market.
"Looking ahead, an annual increase in transport volume of 10% is generally expected in the industry over the next five years," said Chief Financial Officer, Wilfried Trepels.