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.
Hyundai Motor Manufacturing Czech has announced that it will employ 3,500 people at the Nošovice plant by 2011. The South Korean car manufacturer will create roughly 300 new jobs from June to July 2009. The business expansion is attributed to a permanent demand for Hyundai i30 and the launch of the two-shift operation for the production of the new model Kia Venga starting at the beginning of September 2009. Currently, the company employs about 2,000 people. Production capacity will increase from 200,000 to 300,000 cars a year.
Eurofound (2009), Hyundai Motor, Business expansion in Czechia, factsheet number 69403, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69403.