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 Other Transport Equipment 30 - Manufacture of other transport equipment
190 jobs Number of planned job losses
170 jobs Number of planned job creations
Announcement Date
22 March 2006
Employment effect (start)
Foreseen end date
Description
Moravan-Aeroplanes, a Czech aircraft manufacturer with a long tradition (since 1934) in the production of ZLIN all-metal training, aerobatic, utility and touring aircraft, has been undergoing bankruptcy proceedings since 2004. Administrator of assets has put the company up for sale. As the fate of the company in Otrokovice was uncertain, all 190 jobs were at risk.
On 21 December 2006 newspaper reported that the company CzechAircraft, which is one of the world´s premier light sport aircraft producer owned by Irish firm QucomHaps Holdings, will become a new holder of the plant in Otrokovice. The purchase will save about 170 people who are currently working there.
Sources
22 March 2006: Hospodárske noviny
21 December 2006: Hospodárske noviny
Citation
Eurofound (2006), Moravan-Aeroplanes, Merger/Acquisition in Czechia, factsheet number 63190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63190.
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