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.
Elitex slévárna, a Czech foundry located in Týniště nad Orlicí, is to close and all 113 workers will be dismissed by the end of 2012. The company filed for bankruptcy in 2009.
The site lies on the border of Rychnov and Hradec district, where the unemployment rate in August 2012 was 5.9% and 7% respectively. However, it is reported that the workers might face difficulties getting a new job in the foundry industry.
Eurofound (2012), Elitex slévárna, Bankruptcy in Czechia, factsheet number 74240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74240.