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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Other Transport Equipment 30.99 - Manufacture of other transport equipment n.e.c.
90 jobs Number of planned job creations
Announcement Date
8 January 2021
Employment effect (start)
Foreseen end date
31 December 2021
Description
The Pilsen-based Škoda Electric, the largest European manufacturer of trolleybuses, is to expand production and create 90 new jobs during 2021. The company plans to invest about CZK 250 million (€9.5 million) and asked the state for an investment incentive in the form of an income tax rebate of CZK 61.1 million (€2.3 million).
Škoda Electric with 760 employees expects a growing demand for electric traction in urban public transport. The company is a long-term profitable company. In 2019, it earned CZK 144 million (€5.5 million) with revenues of CZK 2.23 billion (€85.2 million).
Eurofound (2021), Škoda Electric, Business expansion in Czechia, factsheet number 102981, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102981.
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