Siemens VDO Automotive
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Type of Restructuring:
Employment Effect Start:
Planned Job Creation:
Siemens VDO Automotive, one of the worlds 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.