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.
Edwards, a British manufacturer of vacuum equipment, plans to create up to 200 new jobs at its Brno site over the coming two years. At the first stage, starting on 1 June 2016, the company will recruit 100 people, mainly IT professionals and qualified accountants. The Brno site, which serves as a pan-European shared service centre, currently employs 160 workers.
In the Czech Republic, Edwards is operating a manufacturing plant in Lutín (Olomouc region), which employs 600 people and its turnover reached CZK 6 billion (EUR 222 million) in 2015.
Edwards is a global manufacturer of pumps. The company employs about 4,200 people worldwide and in 2015 achieved revenues of almost EUR 1 billion.
Eurofound (2016), Edwards, Business expansion in Czechia, factsheet number 87565, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87565.