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 Other Transport Equipment 30.20 - Manufacture of railway locomotives and rolling stock
292 jobs Number of planned job creations
Announcement Date
13 April 2020
Employment effect (start)
Foreseen end date
31 December 2020
Description
The Czech freight wagon manufacturer Nymwag CS has announced that it will expand its production and create 292 new jobs by the end of 2020. The company managed to win two new contracts, whose value exceeds €15 million. These are about the delivery of 130 tank cars for the French company ATIR RAIL and 40 container freight wagons for the Italian company GTS. This year the company plans to produce 420 freight wagons. With the launch of three production lines, the production capacity should reach 750 wagons per year. According to CEO of the company, the production can further increase to 1,300 vehicles within the horizon of two years, ranking the company third among the major European car manufacturers.
Eurofound (2020), Nymwag CS, Business expansion in Czechia, factsheet number 100347, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100347.
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