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
300 jobs Number of planned job creations
Announcement Date
16 December 2016
Employment effect (start)
15 December 2016
Foreseen end date
Description
The South Korean company Kiswire, a global manufacturer of steel wire and cables, is to create up 300 new jobs with the opening of its new production facility at the Triangle industrial zone in Žatec on 15 December 2016. The Czech factory, which will produce wire bead for automobile tires, is to employ in 2017 up to 80 people in production and administrative positions. The number of newly created jobs should further increase up to 300 in the coming years.
Globally, Kiswire has sites in 15 countries and employs 6,000 workers worldwide. Its products are exported to more than 80 countries.
Sources
16 December 2016: Právo - Západní Čechy
15 December 2016: Žatecký deník
Citation
Eurofound (2016), Kiswire Cord Czech, Business expansion in Czechia, factsheet number 89698, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89698.
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