Aero Vodochody

Type
Merger/Acquisition
Country
Czechia
Region
Stredni Cechy; Stredocesky;
Location of affected unit(s)
Vodochody
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment
450 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2007
Employment effect (start)
Foreseen end date
31 August 2007

Description

Penta Group, a new owner of Aero Vodochody – Czech military and civilian aircraft producer, decided to minimize production losses amounting to CZK 9.2 billion and proceed to workforce reduction involving 450 people out of a total 1,644 employees by the end of August 2007. Notices are expected to be given namely to technical and administrative staff.

Sources

  • 31 January 2007: Hospodárske noviny

Citation

Eurofound (2007), Aero Vodochody, Merger/Acquisition in Czechia, factsheet number 64853, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64853.