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
1,300 jobs Number of planned job creations
Announcement Date
21 September 2005
Employment effect (start)
Foreseen end date
31 December 2015
Description
Mexican company Nemak, specializing in the production of aluminium cylinder head and block castings used by the automotive industry for the production of internal combustion engines, has selected the Czech Republic as a part of globalization strategy and company goal to meet the needs of European customers. The main intention of the company, operating in industrial zone Joseph (Havraň) near the city Most (North Bohemia) since 2003, is to create more than 500 jobs with investment of CZK2 billion by 2010 and to employ more than 1,300 people by 2015 with a further investment amounting to CZK7 billion . Nemak has been given CZK68 million from Czech authorities as a state allocation for new jobs creation and 10-year tax holiday.
Sources
21 September 2005: Hospodárske noviny
Citation
Eurofound (2005), Nemak Czech Republic s.r.o., Business expansion in Czechia, factsheet number 62264, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62264.
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