Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Olomouc, Uherské Hradiště and Prostějov
Sector
Manufacturing
Manufacture Of Material For Textiles, Apparel, Leather And Related Products
Manufacture Of Textiles
13.3 - Finishing of textiles

417 jobs
Number of planned job losses
Job loss
Announcement Date
13 June 2008
Employment effect (start)
Foreseen end date
30 June 2008

Description

OP Prostějov, a traditional Czech clothing producer, announced 417 job cuts due to the unfavourable CZK exchange rate, increases in energy prices and competition from Asia. The firm will close two manufacturing sites in Olomouc (207 job losses) and in Uherské Hradiště (50 job losses) by the end of June 2008. About 160 people out of 3,000 staff will be also dismissed in the parent plant in Prostějov. The company´s management has negotiated notice entitlement with trade union. Workers will be offered severance pay amounting to up to 4 average month wages.


Sources

Citation

Eurofound (2008), OP Prostějov, Internal restructuring in Czechia, factsheet number 66742, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66742.