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 - Manufacture of textiles
100 jobs Number of planned job creations
Announcement Date
7 December 2016
Employment effect (start)
1 December 2016
Foreseen end date
1 December 2018
Description
The textile company Veba Broumov has announced that it will hire at least 100 new employees within the next two years. Recruitment has already started. According to the director of the company, a difficult period of losses, layoffs and downturn in production is slowly coming to an end.  The company is now expanding its market beyond western countries. The textile factory focuses mainly on cotton brocade for the African market and textiles for Gulf countries. 5% of the company production is based in Czech Republic.
Sources
7 December 2016: Hospodárske noviny
Citation
Eurofound (2016), Veba Broumov, Business expansion in Czechia, factsheet number 89373, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89373.
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