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.
Car manufacturer Skoda Auto, a subsidiary of the Volkswagen Group, has announced that it will create at least 100 new jobs at its Kvasiny plant due to the launch of two new sport utility vehicles (Škoda SUV and Seat SUV). Recruitment is to start at the end of the year 2015 and the production is scheduled to start in March 2016. The Kvasiny plant currently employs roughly 4,500 people. As reported, hundreds of new jobs will be added by 2018. Škoda Auto operates three sites in the Czech Republic (Mlada Boleslav, Kvasiny, Vrchlabi) with about 25,000 staff in total. In addition, more than 150 000 employees are working with suppliers of Škoda Auto.
Eurofound (2015), Škoda Auto, Business expansion in Czechia, factsheet number 84321, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84321.