EMCC European Monitoring Centre on Change

Alfatex Móda

Company/Organisation:
Alfatex Móda

Geographic Location

Country: Czechia
Region: Vysocina; Jihovychod
Location of affected unit(s): Pelhřimov

Company

Sector: Manufacturing
Manufacture of textiles, apparel, leather and related products
14 - Manufacture of wearing apparel
Number Employed: 178

Employment Effects

Announcement Date: 12-08-2008
Planned Job Reductions min: 178
Planned Job Reductions max: 178
Type of Restructuring: Bankruptcy/Closure
Foreseen End Date: 30-09-2008
Direct Dismissals: 178

Additional Information

Alfatex Móda, a Czech knitwear producer, is to close its plant in Pelhřimov with the loss of 178 jobs by the end of September 2008. The closure is attributed to the strong Czech currency and the decline of the textile industry in the Czech Republic. About 3,000 jobs have been cut in the textile sector since July 2007. Employment rate in this sector fell by 6.6 percent during a one year period.