Restructuring events
European Restructuring Monitor (ERM)
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.
Czech traditional and famous company J. Porkert, located in Skuhrov nad Bělou (Rychnov nad Kněžnou district), has declared bankruptcy. The firm has been producing the most famous products – cast iron double tinned manual kitchen devices since 1905. According to the company manager, the main reasons are the import of Chinese fake products, strong currency rate and increase in prices of metal materials, namely tin. The company currently employs 150 people.
Eurofound (2007), J. Porkert, Bankruptcy in Czechia, factsheet number 65490, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65490.