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 29.1 - Manufacture of motor vehicles 29.1 - Manufacture of motor vehicles
500 jobs Number of planned job creations
Announcement Date
26 March 2010
Employment effect (start)
1 April 2010
Foreseen end date
Description
The Czech truck maker Tatra has announced that it will re-employ approximately 500 people who were laid off last year due to a fall in sales of 45 percent (see related fact sheet No 14466). The firm faces a serious financial loss and still owes the bank one billion CZK. Shareholders have agreed to pledge the entire company's assets as a bank guarantee. Consequently, the company is to restore the full production as of 1 April 2010.
Sources
26 March 2010: Finanční noviny
Citation
Eurofound (2010), Tatra, Business expansion in Czechia, factsheet number 70367, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70367.
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