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.
Excalibur Army, the leading Czech trade and manufacturing company in the field of military equipment, has announced plans to create 200 new jobs at its site in the city of Šternberk due to increased demand for military technology in connection with the war in Ukraine. The company reported record revenues of CZK 65.8 billion and tripled its net profit to CZK 11.18 billion last year.
Due to the growing demand for military equipment, the company has invested CZK 650 million in the construction of a new assembly hall that was put into trial operation at the beginning of this year and is focused on the assembly of wheeled equipment, especially the Dita, Dana, Caesar and Morana howitzers. Patriot vehicles, engineering, and rescue equipment will also be assembled in the new hall.
Excalibur Army, which currently employs 585 workers, belongs to the engineering and armaments holding Czechoslovak Group (CSG).
Eurofound (2025), Excalibur Army, Business expansion in Czechia, factsheet number 203142, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203142.
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