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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.93 - Manufacture of carpets and rugs
182 jobs Number of planned job losses
Announcement Date
26 September 2008
Employment effect (start)
17 November 2008
Foreseen end date
31 December 2008
Description
Prado Tuft, which manufactures carpets and rugs, is set to close its production site located in Kuurne, and lay off 182 employees. Prado Tuft is a subsidiary of the associated weavers international that holds several textile manufacturers in Belgium. The end of 2008 saw several restructuring processes and closures in the textile sector, which is severely affected by a decrease in demand and an increase in production costs.
Eurofound (2008), Prado Tuft, Closure in Belgium, factsheet number 67903, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67903.
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