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.
Crystalex CZ, a Czech producer of household glass, is to create 150 new jobs by opening further manufacturing lines at Nový Bor site and increasing its production by 28% in 2013.
The new production should start in the middle of 2013. The recruitment was launched in early January and 30 new workers have already been offered a job. With the growth of volume of production the sales are increasing and they are expected to exceed 900 million this year and a billion next year. The company currently employs 540 full-time workers and about 100 agency workers.
The glass production recovery is good news for the region because the last four years the region faces a lack of jobs and high unemployment (12%). This was caused by the bankruptcy of the glassworks in 2008 and the recession that hit the automotive industry.
Eurofound (2013), Crystalex CZ, Business expansion in Czechia, factsheet number 74801, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74801.