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 Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.11 - Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres
900 jobs Number of planned job creations
Announcement Date
27 June 2006
Employment effect (start)
Foreseen end date
Description
Nokian Tyres, the largest tyre manufacturer in the Nordic countries, intends to build a new plant near the city Valašské Meziříčí with a total investment of 300 million euro. The plant with the production capacity of 8 million tyres a year will generate 900 new jobs. However, this huge foreign investment is under threat because of citizen protests. The final decision should be made by the end of September 2006.
Sources
27 June 2006: Hospodárske noviny
Citation
Eurofound (2006), Nokian Tyres, Business expansion in Czechia, factsheet number 63692, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63692.
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