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.
Stival Automotive, a Czech firm that produces seats for cars, is to create 250 new jobs at its site in Veselí nad Moravou. The site currently employs 70. The creation of the new jobs follows the firm winning a seven-year contract with automobile producer Land Rover that will lead to a 30 million CZK investment in new machinery at the Veselí nad Moravou site. It is expected that the new jobs will provide opportunities for the 300 workers in Veselí nad Moravou that were made redundant by footwear producer Gastrolux in May 2007.
Eurofound (2007), Stival Automotive, Business expansion in Czechia, factsheet number 65835, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65835.