Type
Bankruptcy
Country
Czechia
Region
Severovychod; Kralovehradecky;
Location of affected unit(s)
Týniště nad Orlicí
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.52 - Casting of steel

113 jobs
Number of planned job losses
Job loss
Announcement Date
2 October 2012
Employment effect (start)
Foreseen end date
31 December 2012

Description

Elitex slévárna, a Czech foundry located in Týniště nad Orlicí, is to close and all 113 workers will be dismissed by the end of 2012. The company filed for bankruptcy in 2009.

The site lies on the border of Rychnov and Hradec district, where the unemployment rate in August 2012 was 5.9% and 7% respectively. However, it is reported that the workers might face difficulties getting a new job in the foundry industry.


Sources

  • 2 October 2012: Finanční noviny

Citation

Eurofound (2012), Elitex slévárna, Bankruptcy in Czechia, factsheet number 74240, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74240.