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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
110 jobs Number of planned job creations
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86333.
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