Valeo

Type
Business expansion
Country
Czechia
Region
Česko; Praha; Hlavní město Praha
Location of affected unit(s)
Prague
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
250 jobs
Number of planned job creations
Job creation
Announcement Date
23 October 2017
Employment effect (start)
1 March 2018
Foreseen end date

Description

Automotive parts producer Valeo is expanding its Prague R&D centre with an investment of CZK 125 million (EUR 4.8 million) and creating 250 new jobs by March 2018. The new experts will be working on safety and assistance systems for autonomous cars. The French company Valeo has been operating in the Czech Republic since 1995 and is one of the most important employers in the automotive industry with almost 4,000 staff. Globally Valeo operates 122 factories and 50 centres, employing a total of 79,500 people in 29 countries.

Sources

  • 23 October 2017: Blesk

Citation

Eurofound (2017), Valeo, Business expansion in Czechia, factsheet number 92388, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92388.