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.
Yanfeng Automotive Interiors (YFAI), which manufactures plastic and rubber products for the automotive industry, plans to expand the production of car interior systems in its plants in Žatec and Planá nad Lužnicí and to build a Lighthouse Centre for Europe and Africa in Planá nad Lužnicí. An investment of CZK 1.85 billion (EUR 70 million) will bring 588 new jobs, a significant part of which will be created for workers with university degrees and secondary school professions. The expected start date is June 2017.
In the Czech Republic, the multinational group Johnson Controls, which includes Yanfeng Czechia Automotive Interior Systems, has four manufacturing plants. At present, the company employs approximately 1,540 employees.
Globally, Yanfeng Automotive Interiors operates in 18 countries and employs 33,000 people worldwide.
Eurofound (2017), Yanfeng Czechia Automotive Interior Systems, Business expansion in Czechia, factsheet number 91057, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91057.