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
500 jobs Number of planned job creations
Announcement Date
25 May 2005
Employment effect (start)
9 October 2006
Foreseen end date
Description
On 25 May 2005 the Japanese company Daido Metal, producer of vehicle bearings and fluid systems, announced it would build a new plant in Černovická terasa, industrial zone of Brno, investing 400 million CZK. The production of vehicle bearings was to be launched in the beginning of 2006 and to employ up to 100 people in the first stage.
On 9 October 2006 the company announced it has launched the production and plans to employ about 100 workers within two years and to create up to 500 new jobs in the long run. The plant will serve as the business headquarters for Europe.
Sources
9 October 2006: Hospodárske noviny
25 May 2005: Hospodárske noviny
Citation
Eurofound (2005), Daido Metal Czech, Business expansion in Czechia, factsheet number 61636, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61636.
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