Type
Business expansion
Country
Czechia
Region
Praha; Hlavni mesto Praha;
Location of affected unit(s)
Prague
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.31 - Manufacture of electrical and electronic equipment for motor vehicles

500 jobs
Number of planned job creations
Job creation
Announcement Date
16 August 2016
Employment effect (start)
1 December 2016
Foreseen end date
1 December 2018

Description

Valeo Automatizace, a subsidiary of the Valeo Group, will open a new research and development centre in Prague and plans to create up to 500 new jobs within the next two years. The facility, which will develop security and assistance systems for the automotive industry, is looking for development engineers.

Valeo, based in France, is a multinational automotive supplier operating in 30 countries and employing 82,800 people.


Sources

  • 16 August 2016: ─îianews
  • 17 August 2016: Prague Monitor

Citation

Eurofound (2016), Valeo Automatizace, Business expansion in Czechia, factsheet number 88366, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88366.