Restructuring events
European Restructuring Monitor (ERM)
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.
German FTE Automotive Group, a worldwide market leader in brake and clutch systems, is to build a new plant in Podbořany, located in the Czech region with the highest unemployment rate. The company wants to invest over one billion CZK. At full production capacity, the plant should create 588 jobs by 2009. The new created Czech subsidiary FTE automotive Czechia has already initiated an advertising campaign, looking especially for lathe operators, mechanics, skilled machine tool workers but also for high-qualified engineers.
Eurofound (2005), FTE Automotive, Business expansion in Czechia, factsheet number 62616, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62616.