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 Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
350 jobs Number of planned job creations
Announcement Date
3 April 2008
Employment effect (start)
3 April 2008
Foreseen end date
31 December 2010
Description
Continental automotive, the leading international automotive supplier, has announced that it is to create about 350 new jobs with the expansion of its production of diesel injection pumps at the site in Trutnov. The company currently employs 100 workers. The investment is planned to exceed 18 million EUR and the number of staff will rise constantly until 2011. On 3 December 2007, the company took over Siemens VDO Automotive and currently employs 6,000 people at four manufacturing facilities in the Czech Republic (Trutnov, Brandýs nad Labem, Frenštát pod Radhoštěm, Adršpach).
Sources
3 April 2008: Hospodárske noviny
Citation
Eurofound (2008), Continental, Business expansion in Czechia, factsheet number 66474, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66474.
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