EMCC European Monitoring Centre on Change

Siemens VDO Automotive

Company/Organisation:
Siemens VDO Automotive

Geographic Location

Country: Czechia
Region: Moravskoslezsky; Moravskoslezsko

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles

Employment Effects

Announcement Date: 25-04-2005
Type of Restructuring: Business expansion
Employment Effect Start: 30-06-2005
Planned Job Creation: 1200

Additional Information

Siemens VDO Automotive, one of the world’s leading supplier of electronics, electrical products to the automotive industry, intends to relocate its activity from a German site (Würzburg) to the Czech Republic. The company is planning to build a new plant in Hrabová, industrial zone of the city Ostrava, and employ up to 1,200 people within two stages. The biggest foreign investment that the city Ostrava has ever obtained will help the region suffering from the second highest unemployment rate in the Czech Republic (15.5%). The production is to be launched in June 2006.