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.
Slezan Frýdek-Místek, a Czech traditional textile company, has announced its restructuring plan that involves 290 job cuts at its two operation sites. 90 employees have already lost their jobs in Raškovice weaving mill (Frýdek-Místek region) and another 200 people will be dismissed in Trutnov site (Hradec Králové region). The reasons stated were competition from Asian producers, increasing energy prices and CZK exchange rate. As of March 2008, there is no information on the number employed at the affected units and when the job losses will be implemented.
Eurofound (2008), Slezan Frýdek-Místek, Internal restructuring in Czechia, factsheet number 66400, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66400.