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
588 jobs Number of planned job creations
Announcement Date
24 May 2017
Employment effect (start)
1 June 2017
Foreseen end date
Description
Yanfeng Automotive Interiors (YFAI), which manufactures plastic and rubber products for the automotive industry, plans to expand the production of car interior systems in its plants in Žatec and Planá nad Lužnicà and to build a Lighthouse Centre for Europe and Africa in Planá nad LužnicÃ. An investment of CZK 1.85 billion (EUR 70 million) will bring 588 new jobs, a significant part of which will be created for workers with university degrees and secondary school professions. The expected start date is June 2017.
In the Czech Republic, the multinational group Johnson Controls, which includes Yanfeng Czechia Automotive Interior Systems, has four manufacturing plants. At present, the company employs approximately 1,540 employees.
Globally, Yanfeng Automotive Interiors operates in 18 countries and employs 33,000 people worldwide.
Sources
24 May 2017: CzechInvest
Citation
Eurofound (2017), Yanfeng Czechia Automotive Interior Systems, Business expansion in Czechia, factsheet number 91057, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91057.
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