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 29.3 - Manufacture of parts and accessories for motor vehicles
1,200 jobs Number of planned job creations
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.
Eurofound (2005), Siemens VDO Automotive, Business expansion in Czechia, factsheet number 61500, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61500.
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