Type
Internal restructuring
Country
Czechia
Region
Severovychod; Liberecky;
Location of affected unit(s)
Tanvald
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.2 - Weaving of textiles

290 jobs
Number of planned job losses
Job loss
Announcement Date
30 January 2007
Employment effect (start)
Foreseen end date

Description

Tanvald city-based company Seba T, one of the leading European manufacturers of textile fabrics, is to dismiss 290 workers due to the pressure of cheap Asian competition and an increase in energy price. The company, currently employing 540 people, intends to cease the production at two cotton spinning and weaving mills and will focus only on final processing of cloth.


Sources

  • 30 January 2007: Hospod├írske noviny

Citation

Eurofound (2007), Seba T, Internal restructuring in Czechia, factsheet number 64840, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64840.