Restructuring events
European Restructuring Monitor (ERM)
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.
The Škoda Transportation engineering group is to expand its business activity and to create gradually more than 1,000 new jobs in Czechia, over the 2020–2021 period. The company, which manufactures rolling stocks for urban transport and railways, began building facilities in the city of Pilsen for the production of chassis and a test room for testing vehicles, spending CZK 800 million (€31.3 million) on investments and mainly looking for constructors, designers and workers in the field of electromechanics.
Equipment of new premises for welding, paint shop or blasting boxes will be at a high technological level, especially a new modern robotic workplace for welding. The production capacity will be strengthened by computer-controlled machine tools with an investment of approximately CZK 80 million (€3 million). The test room will include a prototype workplace for testing new types of vehicles (investment of about €12.3 million).
The company now employs almost 5,000 people in the Czech Republic (roughly 4,000 at the Pilsen site). Under the new owner, the PPF Group, Škoda Transportation succeeded in winning significant contracts
Eurofound (2020), Škoda Transportation, Business expansion in Czechia, factsheet number 101346, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101346.