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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.17 - Repair and maintenance of other transport equipment
160 jobs Number of planned job creations
Announcement Date
28 August 2015
Employment effect (start)
1 December 2015
Foreseen end date
31 December 2016
Description
CZ Loko, a Czech-based company specialised in production, repairs and maintenance of locomotives, will recruit 160 new workers, 100 of them by 2015 and 60 to be added in 2016. The firm headquartered in Česká Třebová presently employs 700 people at four sites across the Czech Republic. CZ Loko predicts that 2015 revenues will be similar to the ones in 2014 that stood at CZK 2.05bn (EUR 75.78 Millions). The firm has experienced a drop in sales on Eastern markets but gained new orders from Finland and Turkey in 2015.
Sources
28 August 2015: Novinky
8 December 2015: E15
Citation
Eurofound (2015), CZ Loko, Business expansion in Czechia, factsheet number 86006, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86006.
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