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.
OP Prostějov, a well-established Czech firm which produces clothing, has announced that it is to cut at least 500 jobs from a total of 2,500 in its parent plant in Prostějov. The company will offshore part of the production to cheaper producers in Asia and cites the current strength of the Czech currency as one of the factors contributing to the job losses. This year, the firm has already closed its daughter plants in the Czech Republic with a loss of about 1,000 jobs.
Eurofound (2008), OP Prostějov, Offshoring/Delocalisation in Czechia, factsheet number 66943, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66943.