Siemens VDO Automotive

Type
Business expansion
Country
Czechia
Region
Česko; Moravskoslezsko;
Location of affected unit(s)
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
1,200 jobs
Number of planned job creations
Job creation
Announcement Date
25 April 2005
Employment effect (start)
30 June 2005
Foreseen end date

Description

Siemens VDO Automotive, one of the world's leading supplier of electronics, electrical products to the automotive industry, intends to relocate its activity from a German site (Würzburg) to the Czech Republic. The company is planning to build a new plant in Hrabová, industrial zone of the city Ostrava, and employ up to 1,200 people within two stages. The biggest foreign investment that the city Ostrava has ever obtained will help the region suffering from the second highest unemployment rate in the Czech Republic (15.5%). The production is to be launched in June 2006.

Sources

Citation

Eurofound (2005), Siemens VDO Automotive, Business expansion in Czechia, factsheet number 61500, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61500.