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
500 jobs Number of planned job creations
Announcement Date
28 April 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
TPCA Czech, a joint-venture of Toyota-Peugeot-Citroën, operating in Ovčary, industrial zone of the city Kolín since the end of 2004, has recently launched one of the biggest recruitment campaign in the Czech republic. The company intends to increase its current staff of about 1,800 employees by up to 500 people by the end of 2005, looking especially for manual workers. The project on the grass field with a total investment of 50 billion CZK, the planned annual production of 300,000 automobiles (one car every minute) and the final staff of 3,000 workers will further increase the importance of the Czech car industry that now employs about 100,000 people and generates one sixth of GDP and one fifth of the Czech export.
Eurofound (2005), Toyota Peugeot Citroen Automobile Czech (TPCA), Business expansion in Czechia, factsheet number 61535, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61535.
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