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Czech News in English » Business » Czech engineering giant thrown lifeline by arms group founder

Czech engineering giant thrown lifeline by arms group founder

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One of the Czech Republic’s biggest engineering groups appears to have been thrown a lifeline by one of the country’s main arms producers and sellers. Under the proposed rescue plan, Vítkovice Heavy Machinery, which employs around 1,000 mostly around Ostrava, will be heading into new hands.

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