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
250 jobs Number of planned job creations
Announcement Date
6 March 2007
Employment effect (start)
1 January 2011
Foreseen end date
Description
South Korean investor Sejong wants to build its production facility in the Karvina industrial zone. The muffler and exhaust system producer expects to create gradually 250 job openings within four years of mass production. Sejong plans to complete the factory's first phase of construction by 30 June 2008 and the final completion is scheduled in 2011. Its parts are to be supplied to the Hyundai automobile company.
Sources
6 March 2007: Právo
Citation
Eurofound (2007), Sejong, Business expansion in Czechia, factsheet number 65150, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65150.
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