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 Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture Of Motor Vehicles
100 jobs Number of planned job losses
Announcement Date
30 January 2025
Employment effect (start)
Foreseen end date
31 December 2025
Description
The car producer Hyundai Motor Manufacturing Czech (HMMC), headquartered in the Nošovice industrial zone, has announced a slowdown in production and a reduction in the number of employees by about 100 out of the 3,100 staff in 2025. The reason is the economic situation in the world, uncertain demand for Hyundai electric cars and the import of cheap cars from China.
Layoffs are to take place through natural fluctuation, i.e. by not replacing those who leave voluntarily, and by reducing the number of agency workers.
The plant in Nošovice is the first and the only Hyundai manufacturing plant in the European Union, established on 7 July 2006. This was historically the largest foreign investment in the Czech Republic.
Production focuses on the Tucson, i30 in different variants and Kona Electric models.
In 2022, Hyundai had enlarged its czech workforce of 120 employees (see Hyundai - 2022 - CZ)
Eurofound (2025), Hyundai Motor Manufacturing Czech (HMMC), Internal restructuring in Czechia, factsheet number 202300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202300.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
