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 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
500 jobs Number of planned job creations
Announcement Date
16 August 2016
Employment effect (start)
1 December 2016
Foreseen end date
1 December 2018
Description
Valeo Automatizace, a subsidiary of the Valeo Group, will open a new research and development centre in Prague and plans to create up to 500 new jobs within the next two years. The facility, which will develop security and assistance systems for the automotive industry, is looking for development engineers.
Valeo, based in France, is a multinational automotive supplier operating in 30 countries and employing 82,800 people.
Sources
16 August 2016: Čianews
17 August 2016: Prague Monitor
Citation
Eurofound (2016), Valeo Automatizace, Business expansion in Czechia, factsheet number 88366, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88366.
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