Karlovarský porcelán

Type
Bankruptcy
Country
Czechia
Region
Česko; Severozápad; Karlovarský kraj
Location of affected unit(s)
Karlovy Vary
Sector
Manufacturing
(22 - 23) Manufacture of rubber, plastic and non-metallic minerals
23.4 - Manufacture of other porcelain and ceramic products
23.45 - Manufacture of other ceramic products
1,090 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/67237.