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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
152 jobs Number of planned job creations
Announcement Date
9 August 2006
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2006
Description
The Czech subsidiary of the American company Arrow International is going to expand its production of the highest quality medical devices at a new factory located in Ždár nad Sázavou (Jamská industrial zone) in August 2006. The business expansion has already generated 112 new jobs and another 40 workers to be hired by the end of 2006. According to company´s director, the company could employ up to 500 people in the long perspective. The investment has already reached roughly 30 million USD.
Sources
9 August 2006: Hospodárske noviny
Citation
Eurofound (2006), Arrow International CR, Business expansion in Czechia, factsheet number 63886, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63886.
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