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 13.96 - Manufacture of other technical and industrial textiles
200 jobs Number of planned job creations
Announcement Date
14 October 2014
Employment effect (start)
14 October 2014
Foreseen end date
31 December 2015
Description
Juta, the Czech biggest manufacturer of industrial textiles, is to create 200 new jobs and to invest at least CZK 1 billion (EUR 36.3 million) during 2014-2015. Juta operates 14 plants in the Czech Republic and employs about 2,100 people. The majority of company's personnel are employed in the region (6 plants are situated in the city of Dvůr Králové nad Labem which houses the headquarters).
Juta's key products are technical textiles for agriculture and construction. The company exports 85% of its production to 64 countries worldwide, with the largest market in Western Europe, and expects to reach revenues of around CZK 7bn in 2014
Sources
14 October 2014: Finanční noviny
Citation
Eurofound (2014), Juta, Business expansion in Czechia, factsheet number 77726, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77726.
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