Papírny Vltavský Mlýn

Type
Closure
Country
Czechia
Region
Jihozapad; Jihocesky;
Location of affected unit(s)
Loučovice
Sector
Manufacturing
Manufacture Of Wood And Paper Materials
Manufacture Of Paper And Paper Products
17 - Manufacture of paper and paper products
220 jobs
Number of planned job losses
Job loss
Announcement Date
28 October 2010
Employment effect (start)
Foreseen end date

Description

On 28 September 2010, Vltavský mlýn, a Paper mill located in Loučovice, closed down its premises and all 220 workers were left unemployed. The firm has been undergoing insolvency since 2008. The employees of the mill were not paid for the last two months. According to economic experts, the collapse was caused by competition from Poland and northern European countries. The mill was the main employment source in the Loučovice village.

Sources

Citation

Eurofound (2010), Papírny Vltavský Mlýn, Closure in Czechia, factsheet number 71112, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71112.