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.
The Pilsen-based Škoda Electric, the largest European manufacturer of trolleybuses, is to expand production and create 90 new jobs during 2021. The company plans to invest about CZK 250 million (€9.5 million) and asked the state for an investment incentive in the form of an income tax rebate of CZK 61.1 million (€2.3 million).
Škoda Electric with 760 employees expects a growing demand for electric traction in urban public transport. The company is a long-term profitable company. In 2019, it earned CZK 144 million (€5.5 million) with revenues of CZK 2.23 billion (€85.2 million).
Eurofound (2021), Škoda Electric, Business expansion in Czechia, factsheet number 102981, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102981.