Crystalex Nový Bor

Type
Bankruptcy
Country
Czechia
Region
Česko;
Location of affected unit(s)
Nový Bor, Vrbno pod Pradědem, Karolinka
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23 - Manufacture of other non-metallic mineral products
23 - Manufacture of other non-metallic mineral products
1,700 jobs
Number of planned job losses
Job loss
Announcement Date
6 January 2009
Employment effect (start)
1 January 2009
Foreseen end date

Description

Crystalex Nový Bor, a traditional Czech glass products producer, has announced that about 1,700 people are threatened to lose their jobs because of the closure of the glass production at three sites (Nový Bor, Vrbno pod Pradědem, Karolinka) due to a long-term insolvency since September 2008. The site in Hostomice with 136 job losses has been already closed (see fact sheet 12339).

For more information, see EIRO report.

Sources

  • 6 January 2009: Hospodárske noviny

Citation

Eurofound (2009), Crystalex Nový Bor, Bankruptcy in Czechia, factsheet number 67790, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67790.