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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
430 jobs Number of planned job creations
Announcement Date
14 January 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
Kika, a leading Austrian furniture and home accessories chain, is planning to open two Kika stores in Prague with a total investment of 50 million euros. The first department store is to be built this year and will employ about 230 people. The second one will create a further 200 jobs in 2006. According to experts, the Austrian furniture newcomer will be the biggest in the Czech Republic and enhance competition in the furniture market alongside Ikea and Sconto.
Eurofound (2005), Kika, Business expansion in Czechia, factsheet number 61065, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61065.
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