IAC Group Czech

Type
Business expansion
Country
Czechia
Region
Česko; Severovýchod; Liberecký kraj
Location of affected unit(s)
Zákupy
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
110 jobs
Number of planned job creations
Job creation
Announcement Date
15 January 2016
Employment effect (start)
Foreseen end date
31 December 2016

Description

IAC Group Czech, a subsidiary of the multinational IAC (International Automotive Components), is to expand its plant and create 110 new jobs in Zákupy during 2016.

According to the data of the Automotive Industry Association, 156,000 people are working in the Czech automotive industry. The average wage in this segment is significantly higher than the national average - a difference of up to 23 %. Thanks to the recovery of the European market, automakers have increased production. The latest macroeconomic data in recent months indicate that this trend will continue and the automotive industry is expected to increase its number of workers

Sources

  • 15 January 2016: MF Dnes

Citation

Eurofound (2016), IAC Group Czech, Business expansion in Czechia, factsheet number 86333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86333.