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 Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.3 - Finishing of textiles
200 jobs Number of planned job losses
Announcement Date
9 September 2008
Employment effect (start)
Foreseen end date
30 November 2008
Description
Pleas, a textile company, part of multinational Schiesser Eminence Holding since 1995, has announced the closure of two sites in ChotÄ›boÅ™ and Čáslav with 200 jobs losses by 30 November 2008 due to the strong CZK exchange rate and increasing wage costs. This year, the largest clothing producer in the Czech Republic has already closed three sites. At the beginning of 2008 the company employed some 1,500 people in seven plants. According to the CEO, the company’s production will continue at the two remaining plants in HavlÃÄkův Brod and Polná with 950 workers.
Sources
9 September 2008: Hospodárske noviny
Citation
Eurofound (2008), Pleas, Closure in Czechia, factsheet number 67055, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67055.
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