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.
On 27 June 2006, Behr Group, a specialist in vehicle air conditioning and engine cooling and one of the world's leading suppliers of original equipment for passenger cars and commercial vehicles, announced that it would expand its operations in Eastern Europe and build a second plant in the Czech Republic. The company had been manufacturing products through its subsidiary Behr Czech at a facility in Mnichovo Hradiště since 2002, and employed 700 people at the first site. The second plant was to be located in Mošnov (Moravian-Silesian Region) and receive an investment of a half billion CZK. The new location was also to employ around 170 people. As of June 2006, production was scheduled to start in mid-2007. On 21 June 2007, it was reported that the firm is to open its second plant in Mošnov on July 1st 2007 and now plans to hire up to 200 people. The turnover of the new site is expected to be over 1.5 billion CZK.
Eurofound (2006), Behr Czech, Business expansion in Czechia, factsheet number 63695, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63695.