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 traditional Czech clothing manufacturer, has annonced 500 job cuts. The firm has been undergoing bankruptcy since January 2010 and closed one-third of its 100 stores in order to maintain profitability of the business.
Since April 2010, the firm had to reduce workforce by a total of 1,100. In April 2010, the company announced a workforce reduction of 600 out of 1,500 staff (see fact sheet No 15436).
Eurofound (2010), OP Prostějov, Internal restructuring in Czechia, factsheet number 70877, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70877.