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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
130 jobs Number of planned job losses
Announcement Date
18 October 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Kovosvit MAS Sezimovo ÚstÃ, machine tool producer, has decided to close its plant in PÃsek by the end of 2005. The restructuring project should lower production costs and implies about 130 job losses.
Despite the unemployment rate (7.9 %) in the PÃsek region is the second highest in the area of South Bohemia, dismissed workers will have a good chance to find a new job. According to the director of the local labour agency, the demand for such skills is currently high.
Sources
19 October 2005: Lidové Noviny
18 October 2005: Hospodárske noviny
Citation
Eurofound (2005), Kovosvit MAS Sezimovo ÚstÃ, Closure in Czechia, factsheet number 62415, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62415.
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