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 (29 - 30) Manufacture for transport equipment 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
160 jobs Number of planned job creations
Announcement Date
2 January 2006
Employment effect (start)
Foreseen end date
31 December 2009
Description
American CTS Corporation, a global supplier of electronic and sensor products for the automotive industry, has decided to build a new production facility in the industrial zone of Ostrava-Hrabová. The investment of nearly 500 million CZK will create more than 160 new jobs by 2009. After Great Britain, the Czech Republic is the second country where the company invest into a new plant.
Eurofound (2006), CTS Corporation, Business expansion in Czechia, factsheet number 62784, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62784.
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