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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.4 - Manufacture of metal forming machinery and machine tools
150 jobs Number of planned job losses
Announcement Date
11 December 2017
Employment effect (start)
Foreseen end date
31 December 2017
Description
Poldi Kladno, a Czech metallurgical plant, went bankrupt and about 150 employees will be dismissed by the end of 2017. The company's debts amount to over one billion Czech crowns (EUR 38,8 million). The indebted company failed to meet the reorganization conditions that the court required in the spring. The production stopped and employees were not paid for months. Poldi Kladno was the pride of the Czech industry. The famous steel mill used to belong to the largest companies in the country.
Sources
11 December 2017: Lidovky.cz
11 December 2017: Patria.cz
11 December 2017: Novinky.cz
Citation
Eurofound (2017), Poldi Kladno, Bankruptcy in Czechia, factsheet number 92860, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92860.
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