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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.10 - Warehousing and storage
500 jobs Number of planned job creations
Announcement Date
17 July 2017
Employment effect (start)
31 December 2017
Foreseen end date
31 December 2018
Description
Chinese company 4PX Express is to build a 68,000 m2 warehouse in Prague (VGP Park Jeneč), where it will create up to 500 jobs. The new distribution centre will provide logistics services to the largest Chinese internet retailer Alibaba and is set to become operational by the end of 2017. The logistics centre will be put into full operation next year. In the new distribution centre, Chinese partner Alibaba will store goods mainly intended for the German market.
Sources
17 July 2017: Hospodárske noviny
Citation
Eurofound (2017), 4PX Express, Business expansion in Czechia, factsheet number 91666, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91666.
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