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
200 jobs Number of planned job creations
Announcement Date
26 July 2016
Employment effect (start)
1 January 2017
Foreseen end date
Description
US- based car manufacturer Cooper Standard Automotive is to expand its production and create 200 new jobs during 2017. The company has recently started building a new production hall with an investment of CZK 1 billion (EUR 37 million) in the city of Bystřice nad Pernštejnem. It is expected that the company, which currently employs around 1,000 people at its main manufacturing site in the city of Ždár nad Sázavou, will create a total of 450 positions on this new site by 2020.
The company received investment incentives from the Czech government.
The business expansion has been negotiated by CzechInvest which also mediated negotiations with the Ministry of Labour and Social Affairs concerning the promotion of local employment offices in recruiting and retraining new employees.
Sources
26 July 2016: Čianews
28 July 2016: Parlamentní listy
Citation
Eurofound (2016), Cooper Standard Automotive, Business expansion in Czechia, factsheet number 88256, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88256.
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