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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
150 jobs Number of planned job losses
Announcement Date
31 March 2010
Employment effect (start)
1 July 2009
Foreseen end date
31 March 2010
Description
Moravan-Aviation, a Czech aircraft manufacturer with a long tradition (since 1934), has been declared bankrupt. About 150 people have already lost their jobs since July 2009 when the insolvency of the company started. This is the second bankruptcy in the company´s recent history (the first was in 2004). In 2006, Irish firm QuacomHaps became a new holder of the plant and saved the jobs of about 170 people who were working there (see related fact sheet No 8614).
Sources
31 March 2010: Hospodárske noviny
20 October 2009: Deník
Citation
Eurofound (2010), Moravan Aviation, Bankruptcy in Czechia, factsheet number 70349, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70349.
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