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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
New offshoring locations
249 jobs Number of planned job losses
Announcement Date
24 November 2008
Employment effect (start)
Foreseen end date
Description
Hartmann-Rico, a producer of sanitary goods, has announced the closure of its plant in Most with the loss of 249 jobs by the end of 2008 due to the global financial crisis. The company has also announced that production will be moved to China. The redundant workers will be given an extra severance pay (equivalent to one or two wages) in addition to the three statutory monthly wages and offered the opportunity to work in one of the other three plants in the Czech Republic. Hartmann-Rico is part of the Germany-based Hartmann Group and employs over 9,100 people in 34 countries.
Sources
24 November 2008: Hospodárske noviny
Citation
Eurofound (2008), Hartmann-Rico, Offshoring/Delocalisation in Czechia, factsheet number 67495, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67495.
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