Niebelung

Type
Bankruptcy
Country
Czechia
Region
Česko; Jihovýchod; Jihomoravský kraj
Location of affected unit(s)
Znojmo
Sector
Manufacturing
(13 - 15) Manufacture of textiles, apparel and leather
15 - Manufacture of leather and related products of other materials
15 - Manufacture of leather and related products of other materials
300 jobs
Number of planned job losses
Job loss
Announcement Date
13 August 2007
Employment effect (start)
30 April 2007
Foreseen end date

Description

Niebelung, a manufacturer of footwear, has announced that it dismissed 300 of its employees in April 2007 due to the bankruptcy of the firm. The firm, based in the city of Znojmo, was forced to declare itself bankrupt due to debts of 7 million CZK and ceased production in April 2007.

Sources

  • 13 August 2007: Hospodárske noviny

Citation

Eurofound (2007), Niebelung, Bankruptcy in Czechia, factsheet number 65742, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65742.