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.
Škoda Auto, the Czech car manufacturer, is to create 2,000 new jobs with the expansion of its site in Vrchlabí. 1,400 are currently employed at the site. The firm have not yet announced when the 2,000 new workers will be employed by, but it is thought that they will be taken on gradually over a period of time. Škoda Auto estimate that the plant at Vrchlabí will produce one million cars a year by 2010. Škoda Auto is a part of the Volkswagen Group.
Eurofound (2007), Škoda Auto, Business expansion in Czechia, factsheet number 65804, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65804.