Adex Agro

Type
Bankruptcy
Country
Czechia
Region
Česko; Jihozápad; Plzeňský kraj
Location of affected unit(s)
Lom u Tachova
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.1 - Processing and preserving of meat and production of meat products
10.1 - Processing and preserving of meat and production of meat products
120 jobs
Number of planned job losses
Job loss
Announcement Date
9 August 2007
Employment effect (start)
9 August 2007
Foreseen end date

Description

Adex Agro, the Czech manufacturer of turkey meat, has been declared bankrupt and is to close its plant in the city of Lom u Tachova with the loss of 120 jobs. The company has been forced into bankruptcy due to long-term insolvency and high levels of debt.

Sources

  • 9 August 2007: Hospodárske noviny

Citation

Eurofound (2007), Adex Agro, Bankruptcy in Czechia, factsheet number 65679, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65679.