AQ Okna

Type
Bankruptcy
Country
Czechia
Region
Česko;
Location of affected unit(s)
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
400 jobs
Number of planned job losses
Job loss
Announcement Date
18 August 2009
Employment effect (start)
1 November 2008
Foreseen end date
15 August 2009

Description

AQ Okna, the third largest windows producer, has been declared bankrupt and all 400 workers have lost their jobs. Financial difficulties resulting in debt of CZK 145 million begun in November 2008. Since that time, employees were successively quitting the three Czech sites (Choceň, Skoupý and Jičín). Most of workers have not yet received their wages.

Sources

  • 18 August 2009: Hospodárske noviny

Citation

Eurofound (2009), AQ Okna, Bankruptcy in Czechia, factsheet number 69401, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69401.