The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.2 - Manufacture of plastic products
110 jobs Number of planned job losses
Announcement Date
1 September 2022
Employment effect (start)
1 September 2022
Foreseen end date
Description
Czech plastics company Plastic Parts & Technology (PP&T) with 110 employees went bankrupt due to a drop in orders for car manufacturers and also because of expensive energy and rising material costs. The problems have been going on for two years, even if the situation improved at the end of 2021, the company run into problems again mainly due to the dramatic increase in energy prices.
PP&T specializes in clear plastics used mainly in car lights. The company also produced plastic parts for manufacturers of bathtubs and shower enclosures. Its plastic products are also used in the packaging, medical or electrotechnical industries. The company exported its products to Europe, USA, Turkey, Israel or Japan.
Sources
1 September 2022: Hospodárske noviny (archiv.hn.cz)
Citation
Eurofound (2022), Plastic Parts & Technology (PP&T), Closure in Czechia, factsheet number 107274, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/107274.
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