Praga Company

Type
Closure
Country
Czechia
Region
Česko; Severovýchod; Liberecký kraj
Location of affected unit(s)
Hrádek nad Nisou
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
120 jobs
Number of planned job losses
Job loss
Announcement Date
25 July 2005
Employment effect (start)
Foreseen end date
31 July 2005

Description

Praga Company based in Hrádek nad Nisou near Liberec, specialized in conical gears, sprocket wheels and gear box assembly, is in liquidation due to long-term economic difficulties. The closure will affect 120 workers.

Sources

  • 25 July 2005: Hospodárske noviny

Citation

Eurofound (2005), Praga Company, Closure in Czechia, factsheet number 61984, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61984.