Michel

Type
Business expansion
Country
Czechia
Region
Česko; Jihovýchod; Jihomoravský kraj
Location of affected unit(s)
Modrice
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.32 - Manufacture of other parts and accessories for motor vehicles
250 jobs
Number of planned job creations
Job creation
Announcement Date
7 November 2013
Employment effect (start)
31 December 2013
Foreseen end date

Description

Michel is to gradually create 250 new jobs in Modrice industrial area near Brno until the end of 2013.

This follows the launch of the production of valves at Modrice for which the company received a grant from Czech government agency CzechInvest.

The foreign investor specializes in high precision valves for fuel injection and brake components.

Michel is based in Switzerland.

Sources

  • 7 November 2013: Lidové Noviny
  • 6 November 2013: denik.cz

Citation

Eurofound (2013), Michel, Business expansion in Czechia, factsheet number 76139, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76139.