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 29.1 - Manufacture of motor vehicles
500 jobs Number of planned job creations
Announcement Date
18 May 2007
Employment effect (start)
31 December 2007
Foreseen end date
31 December 2007
Description
Irisbus Iveco, a Franco-Italian manufacturer of motor vehicles, is to create 400-500 jobs at its Czech subsidiary Vysoké Mýto after it acquired the plant in early 2007. 1933 are currently employed at the plant at which buses are produced. The development of a new logistical centre at the Vysoké Mýto will create employment for 100 by the end of 2007, whilst the development of the plant’s production capacity will create jobs for 300-400 in the longer term. 100 million CZK will be invested in the new logistical centre and 200 million CZK will be invested in expanding the plant’s production capacity. The average monthly wage at the plant is 22 915 CZK.
Sources
18 May 2007: Hospodárske noviny
25 July 2007: Hospodárske noviny
Citation
Eurofound (2007), Iveco Czech Republic, Merger/Acquisition in Czechia, factsheet number 65355, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65355.
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