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 (29 - 30) Manufacture for transport equipment 30.3 - Manufacture of air and spacecraft and related machinery 30.3 - Manufacture of air and spacecraft and related machinery
130 jobs Number of planned job creations
Announcement Date
14 July 2017
Employment effect (start)
Foreseen end date
31 December 2017
Description
GE Aviation, an aerospace engineering company, has announced that it plans to expand business activities in the Czech Republic and create 130 new jobs by the end of 2017. In connection with an investment of EUR 50 million and the construction of a new plant outside Prague, the company has recently recruited 150 employees for the development and technology department at the Prague site and intends to employ another 130 people for the production department by the end of the year.
Sources
14 July 2017: MF Dnes
Citation
Eurofound (2017), GE Aviation Czech, Business expansion in Czechia, factsheet number 91484, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91484.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...