Amati — Denak, s.r.o.

Type
Internal restructuring
Country
Czechia
Region
Česko; Severozápad; Karlovarský kraj
Location of affected unit(s)
Kraslice
Sector
Manufacturing
(32) Other manufacturing
32.2 - Manufacture of musical instruments
32.2 - Manufacture of musical instruments
90 jobs
Number of planned job losses
Job loss
Announcement Date
7 March 2007
Employment effect (start)
1 March 2007
Foreseen end date
31 March 2007

Description

Amati — Denak is a world famous musical instruments manufacturer. The factory in Kraslice specializes in the production of woodwind instruments and currently employs 430 people. Due to profit decline caused by currency leak and bankruptcy of the largest customer in the United States, the company must dismiss 90 employees in March as part of a restructuring process.

Sources

  • 7 March 2007: Hospodárske noviny

Citation

Eurofound (2007), Amati — Denak, s.r.o., Internal restructuring in Czechia, factsheet number 65051, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65051.