MEZ Mohelnice

Type
Bankruptcy
Country
Czechia
Region
Stredni Morava; Olomoucky;
Location of affected unit(s)
Mohelnice
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.
100 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2010
Employment effect (start)
Foreseen end date

Description

Czech government has approved the liquidation of state-owned engineering company MEZ Mohelnice resulting in 100 job losses. The difficult economic situation of the company has been aggravated by the global financial crisis. The unemployment rate in the region is around 15%.

Sources

  • 22 February 2010: Finanční noviny

Citation

Eurofound (2010), MEZ Mohelnice, Bankruptcy in Czechia, factsheet number 70243, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70243.