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.
On 22 December 2010, a global powerhouse in electronics and electrical engineering Siemens announced that during 2011 the company will employ over 400 new workers in the Czech Republic. The firm plans to recruit 300 administrative and over 100 technical workers. The reason behind company's demand for new staff is a global recovery followed by increased production capacity. Siemens currently employs over 10,000 people in the Czech Republic.
Eurofound (2010), Siemens, Business expansion in Czechia, factsheet number 71343, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71343.