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.
Manufacturing Manufacture of rubber, plastic and non-metallic minerals Manufacture of other non-metallic mineral products 23.45 - Manufacture of other ceramic products
1,090 jobs Number of planned job losses
Announcement Date
15 October 2008
Employment effect (start)
Foreseen end date
Description
Karlovy Vary-based company Karlovarský porcelán, a Czech porcelain products manufacturer, was facing bankruptcy in October 2008 and about 1,540 employees were to lose their job . All employees were receiving only 70% of their wages. On 9 April 2009, it was reported that Hengis, a new owner of the company since March 2009, is to save up to 450 jobs. The production will be restarted in May 2009.
Sources
15 October 2008: Hospodárske noviny
9 April 2009: MF Dnes
Citation
Eurofound (2008), Karlovarský porcelán, Bankruptcy in Czechia, factsheet number 67237, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67237.
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