EMCC European Monitoring Centre on Change

CZ Loko

Company/Organisation:
CZ Loko

Geographic Location

Country: Czech Republic

Company

Sector: Manufacturing
Other manufacturing, and repair and installation of machinery and equipment
33.17 - Repair and maintenance of other transport equipment
Number Employed: 700

Employment Effects

Announcement Date: 28-08-2015
Type of Restructuring: Business expansion
Employment Effect Start: 01-12-2015
Foreseen End Date: 31-12-2016
Planned Job Creation: 160

Additional Information

CZ Loko, a Czech-based company specialised in production, repairs and maintenance of locomotives, will recruit 160 new workers, 100 of them by 2015 and 60 to be added in 2016. The firm headquartered in Česká Třebová presently employs 700 people at four sites across the Czech Republic. CZ Loko predicts that 2015 revenues will be similar to the ones in 2014 that stood at CZK 2.05bn (EUR 75.78 Millions). The firm has experienced a drop in sales on Eastern markets but gained new orders from Finland and Turkey in 2015.