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 29.1 - Manufacture of motor vehicles
3,370 jobs Number of planned job creations
Announcement Date
15 March 2005
Employment effect (start)
Foreseen end date
30 June 2009
Description
The leading Czech car manufacturer Škoda Auto has obtained a state investment incentive amounting to 427 million CZK in order to boost production of a new model Roomster. The company is willing to build a new logistic centre nearby the present manufacturing area situated in Kvasiny with a total investment of 3 billion CZK. The business expansion is expected to generate about 2,000 new jobs. On 7 June 2005, the company announced a further business expansion with investment reaching 1.2 billion CZK. The planned development centre expansion in Mladá Boleslav (headquarters of the company) will offer work opportunities for up to 370 advance designers and high-qualified engineers by 2009. On 14 November 2005 the company announced that it would invest 6 billion CZK in order to build new assembly shops in Kvasiny region and create about 3,000 new jobs.
Sources
14 November 2005: Hospodárske noviny
15 March 2005: Hospodárske noviny
16 March 2005: Lidové Noviny
7 June 2005: Hospodárske noviny
Citation
Eurofound (2005), Škoda Auto a.s., Business expansion in Czechia, factsheet number 61283, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61283.
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