ADAST

Type
Bankruptcy
Country
Czechia
Region
Česko; Jihovýchod; Jihomoravský kraj
Location of affected unit(s)
Adamov
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
130 jobs
Number of planned job losses
Job loss
Announcement Date
10 April 2009
Employment effect (start)
Foreseen end date
30 June 2009

Description

ADAST, a Czech machinery company producing parts for printing machines, is to be closed and cut all 130 jobs at its site in Adamov by the end of June 2009. The firm has been facing bankruptcy since the beginning of April 2009.

Sources

  • 10 April 2009: Hospodárske noviny

Citation

Eurofound (2009), ADAST, Bankruptcy in Czechia, factsheet number 68677, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68677.