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.
Siemens Czech Republic, Czech subsidiary of the Germany-based Siemens Group, is expanding its production capacity at two manufacturing sites in the Czech Republic and will create 350 new jobs in 2017. The recruitment campaign is to start in May 2017. The Mohelnice plant, which focuses on the production of small electric motors, is looking for 150 new workers such as blue-collar workers, managers, researchers and developers. The second plant, which manufactures big electric motors and is located in the city of Frenštát pod Radhoštěm, intends to hire 200 employees, such as operators, CNC machinists, warehousemen etc. According to Siemens spokesperson, the firm is targeting people of ages, gender and work experience.
Siemens is one of the largest electrical companies in the Czech Republic and, with a total of 10,000 staff, ranks among the largest employers in the country. In 2016, Siemens Czech Republic recorded a trade turnover over CZK 29 billion (EUR 1 billion).
Eurofound (2017), Siemens Czech Republic, Business expansion in Czechia, factsheet number 90631, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90631.