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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25 - Manufacture of fabricated metal products, except machinery and equipment
114 jobs Number of planned job creations
Announcement Date
20 July 2006
Employment effect (start)
31 December 2007
Foreseen end date
Description
Vítkovice Cylinders, the leading world manufacturer of seamless high-pressure steel cylinders, is to build a new processing line focusing on the production of cylinders to be used in gas vehicles. This business expansion of around one billion CZK, including the state support of a half billion CZK, will bring at least 114 employment opportunities. Testing operation is to be launched by the end of 2007.
Sources
20 July 2006: Hospodárske noviny
Citation
Eurofound (2006), Vítkovice Cylinders, Business expansion in Czechia, factsheet number 63797, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63797.
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