EMCC European Monitoring Centre on Change

Škoda Electric

Company/Organisation:
Škoda Electric

Geographic Location

Country: Czechia
Region: Plzensky; Jihozapad
Location of affected unit(s): Pilsen

Company

Sector: Manufacturing
Manufacture of transport equipment
30.99 - Manufacture of other transport equipment n.e.c.
Number Employed: 760
Group: Škoda Transportation

Employment Effects

Announcement Date: 08-01-2021
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2021
Planned Job Creation: 90

Additional Information

The Pilsen-based Škoda Electric, the largest European manufacturer of trolleybuses, is to expand production and create 90 new jobs during 2021. The company plans to invest about CZK 250 million (€9.5 million) and asked the state for an investment incentive in the form of an income tax rebate of CZK 61.1 million (€2.3 million).

Škoda Electric with 760 employees expects a growing demand for electric traction in urban public transport. The company is a long-term profitable company. In 2019, it earned CZK 144 million (€5.5 million) with revenues of CZK 2.23 billion (€85.2 million).
 

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