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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
400 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86804.
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