Hella Autotechnik Nova

Type
Internal restructuring
Country
Czechia
Region
Česko;
Location of affected unit(s)
Mohelnice, Loštice, Ostrava
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
400 - 500 jobs
Number of planned job losses
Job loss
Announcement Date
1 December 2018
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2019

Description

Hella Autotechnik Nova, one of the leading domestic manufacturers of automobile headlights, has announced plans to cut between 400 and 500 jobs in 2019 due to unsuccessful acquisitions.The redundancies will take place in three waves during the first, second and third quarters of 2019.

As of December 2018, Hella Autotechnik Nova employs 3,600 people at three sites in the Czech Republic (Mohelnice, Loštice and Ostrava). The company supplies headlights especially to Audi, BMW, Volkswagen and Škoda.

A previous restructuring took place in 2015, when 200 positions were created.

Citation

Eurofound (2018), Hella Autotechnik Nova, Internal restructuring in Czechia, factsheet number 96197, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96197.