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 13.3 - Finishing of textiles
500 jobs Number of planned job losses
Announcement Date
31 August 2010
Employment effect (start)
30 April 2010
Foreseen end date
31 August 2010
Description
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).
Sources
31 August 2010: Finanční noviny
1 September 2010: MF Dnes
Citation
Eurofound (2010), OP Prostějov, Internal restructuring in Czechia, factsheet number 70877, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70877.
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