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 29.32 - Manufacture of other parts and accessories for motor vehicles
150 jobs Number of planned job creations
Announcement Date
2 March 2017
Employment effect (start)
2 March 2017
Foreseen end date
2 March 2020
Description
The Chinese company A123 Systems headquartered in the United States is to create up 150 new jobs after opening a new plant for the production of starter lithium-ion batteries used in electric vehicles in the city of Ostrava. The firm has already recruited 20 people recently, by the end of 2017 there should be 50 and over the next three years the firm wants to have all the 150 employees. The investment is worth $ 13 million. According to the director, there is a lack of suitable skilled workers. The company has already begun to cooperate with the University and would find future employees among students. A123 Systems plans to produce over 600 thousand batteries per year. So far, the company operates its business only in China and the United States.
Sources
2 March 2017: E15
Citation
Eurofound (2017), A123 Systems, Business expansion in Czechia, factsheet number 90402, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90402.
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