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
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92388.
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