Veba Broumov

Type
Internal restructuring
Country
Czechia
Region
Česko; Severovýchod; Královéhradecký kraj
Location of affected unit(s)
Broumov
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
13.9 - Manufacture of other textiles
13.9 - Manufacture of other textiles
200 jobs
Number of planned job losses
Job loss
Announcement Date
1 September 2010
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2010

Description

Veba Broumov, one of the largest and the most profitable textile companies in the Czech Republic, had to cut approximately 200 out of 1200 jobs due production decline during 2010. During the last few years, Veba has developed a successful business concept - African brocade with special finishes from the finest combed Egyptian cotton yarn - exclusively for the African market.

Sources

  • 1 September 2010: Lidové Noviny

Citation

Eurofound (2010), Veba Broumov, Internal restructuring in Czechia, factsheet number 70878, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70878.