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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.9 - Manufacture of other textiles
200 jobs Number of planned job losses
Announcement Date
1 September 2010
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2010
Description
Veba Broumov, one of the largest and the most profitable textile companies in the Czech Republic, had to cut approximately 200 out of 1200 jobs due production decline during 2010. During the last few years, Veba has developed a successful business concept - African brocade with special finishes from the finest combed Egyptian cotton yarn - exclusively for the African market.
Sources
1 September 2010: Lidové Noviny
Citation
Eurofound (2010), Veba Broumov, Internal restructuring in Czechia, factsheet number 70878, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70878.
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