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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.49 - Manufacture of other ceramic products
1,090 jobs Number of planned job losses
Announcement Date
15 October 2008
Employment effect (start)
Foreseen end date
Description
Karlovy Vary-based company Karlovarský porcelán, a Czech porcelain products manufacturer, was facing bankruptcy in October 2008 and about 1,540 employees were to lose their job . All employees were receiving only 70% of their wages. On 9 April 2009, it was reported that Hengis, a new owner of the company since March 2009, is to save up to 450 jobs. The production will be restarted in May 2009.
Sources
15 October 2008: Hospodárske noviny
9 April 2009: MF Dnes
Citation
Eurofound (2008), Karlovarský porcelán, Bankruptcy in Czechia, factsheet number 67237, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67237.
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