Restructuring events
European Restructuring Monitor (ERM)
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.
Alfatex Móda, a Czech knitwear producer, is to close its plant in Pelhřimov with the loss of 178 jobs by the end of September 2008. The closure is attributed to the strong Czech currency and the decline of the textile industry in the Czech Republic. About 3,000 jobs have been cut in the textile sector since July 2007. Employment rate in this sector fell by 6.6 percent during a one year period.
Eurofound (2008), Alfatex Móda, Closure in Czechia, factsheet number 66954, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66954.