Falcon Mimoň a.s.

Type
Bankruptcy
Country
Czechia
Region
Česko; Severovýchod;
Location of affected unit(s)
Sector
Manufacturing
(31) Manufacture of furniture
31 - Manufacture of furniture
31 - Manufacture of furniture
250 jobs
Number of planned job losses
Job loss
Announcement Date
31 January 2006
Employment effect (start)
Foreseen end date

Description

The bentwood furniture producer Falcon Mimoň is undergoing bankruptcy proceeding and all 250 jobs are threatened. Economical difficulties started in 2005 when the American owner Falcon Products ceased taking delivery (up to 95% of a total production).

Products of the company were well-known by customers in Europe, Asia and North America.

Sources

  • 31 January 2006: Hospodárske noviny

Citation

Eurofound (2006), Falcon Mimoň a.s., Bankruptcy in Czechia, factsheet number 62900, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62900.