Karavela Properties

Type
Bankruptcy
Country
Czechia
Region
Česko; Severovýchod; Královéhradecký kraj
Location of affected unit(s)
Skuhrov nad Bělou
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
27 - Manufacture of electrical equipment
27 - Manufacture of electrical equipment
110 jobs
Number of planned job losses
Job loss
Announcement Date
4 February 2010
Employment effect (start)
1 February 2010
Foreseen end date

Description

Karavela Properties, owner of Porkert factory producing kitchen cast-iron grinders, went bankrupt and all 110 workers lost their jobs. Since 1881, the factory has been manufacturing houseware products and its products have been exported to 90 countries. In 1990s' the plant employed some 430 people.

Sources

  • 4 February 2010: Hospodárske noviny

Citation

Eurofound (2010), Karavela Properties, Bankruptcy in Czechia, factsheet number 70140, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70140.