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 29.3 - Manufacture of motor vehicle parts and accessories 29.3 - Manufacture of motor vehicle parts and accessories
250 jobs Number of planned job creations
Announcement Date
23 October 2017
Employment effect (start)
1 March 2018
Foreseen end date
Description
Automotive parts producer Valeo is expanding its Prague R&D centre with an investment of CZK 125 million (EUR 4.8 million) and creating 250 new jobs by March 2018. The new experts will be working on safety and assistance systems for autonomous cars. The French company Valeo has been operating in the Czech Republic since 1995 and is one of the most important employers in the automotive industry with almost 4,000 staff. Globally Valeo operates 122 factories and 50 centres, employing a total of 79,500 people in 29 countries.
Sources
23 October 2017: Blesk
Citation
Eurofound (2017), Valeo, Business expansion in Czechia, factsheet number 92388, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92388.
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...