ZKL

Type
Internal restructuring
Country
Czechia
Region
Česko; Střední Morava; Olomoucký kraj
Location of affected unit(s)
Hanušovice
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
400 jobs
Number of planned job losses
Job loss
Announcement Date
17 March 2016
Employment effect (start)
1 April 2016
Foreseen end date

Description

Czech car-parts producer ZKL is to dismiss 400 out of the 520 workers at its Hanušovice plant due to the loss of the key customer – Volkswagen Group. Volkswagen has apparently cancelled existing contracts due to poor quality products. For this reason, the employer does not have enough money to pay wages from the past month. The company is facing insolvency.

Besides the Hanušovice site, the firm operates two plants (Brno, Klášterec nad Ohří).

ZKL is the biggest manufacturer of large-scale spherical-roller, special and split bearings in Central Europe

Sources

  • 17 March 2016: Hospodárske noviny

Citation

Eurofound (2016), ZKL, Internal restructuring in Czechia, factsheet number 86804, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86804.