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 - Manufacture of other transport equipment
1,500 jobs Number of planned job creations
Announcement Date
18 January 2005
Employment effect (start)
1 January 2006
Foreseen end date
Description
Hudong-Zhonghua Shipbuilding Group, the largest Chinese ship-builder has decided to set up a new joint-venture with the Czech company České loděnice (Czech shipyard) in Děčín with investment of more than one billion CZK and the creation of 500 jobs in the first stage. The first Chinese investment that has ever been in the Czech Republic will bring about 1,500 new jobs in the long-term. The production is to be focused on the river-shipbuilding.
Sources
21 January 2005: Hospodárske noviny
Citation
Eurofound (2005), Hudong-Zhonghua Shipbuilding Group, Business expansion in Czechia, factsheet number 61032, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61032.
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