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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14 - Manufacture of wearing apparel
100 jobs Number of planned job losses
Announcement Date
3 May 2005
Employment effect (start)
30 June 2005
Foreseen end date
Description
Jitex, the leading Czech cotton yarn and knitwear producer, is going to close during summer 2005 its last and largest plant in Milevsko, where more than 200 people (especially women) are employed. The manufacturing technology and about a half of the workforce are to be moved to the manufacturing centre in Písek. The main reason of restructuring plan is a recent liberalisation of soft goods being imported at lower prices from China. Five manufacturing sites have been already closed and consequently about 500 people — almost one third of the initial staff — will remain in the company.
Sources
3 May 2005: Hospodárske noviny
Citation
Eurofound (2005), Jitex, Relocation in Czechia, factsheet number 61534, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61534.
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