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
125 jobs Number of planned job creations
Announcement Date
29 June 2007
Employment effect (start)
1 July 2007
Foreseen end date
1 July 2010
Description
Korado is the largest Czech producer of steel flat panel radiators and also enjoys an international profile. In 2006, the company employed over 600 workers and its turnover exceeded 2.5 billion CZK. On 29th June 2007, the firm announced that its activities would be expanded with an investment of 800 million CZK and with the subsequent creation of 125 new jobs over three years. Korado also owns a manufacturing site in Bulgaria with over 250 workers and operates business units in Germany, Poland, Lithuania and other European countries.
Sources
29 June 2007: CzechInvest
Citation
Eurofound (2007), KORADO, Business expansion in Czechia, factsheet number 65585, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65585.
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