Home / Knowledge / News / Textiles / Eybl takes measures in context of administrative receivership proceedings
Eybl takes measures in context of administrative receivership proceedings
02
Mar '09
Eybl International AG announces that in the course of ongoing administrative receivership proceedings,the following measures have been taken or are being implemented:

After having filed for administrative receivership for the companies Eybl International AG and Eybl Austria GmbH on December 29th 2008, all operations and production sites started according to plan with the production again on January 7th 2009 thereby ensuring the full supply of Eybl's customers.

100% of the shares of the subsidiary Eybl Slovakia s.r.o. were sold to the Austrian subsidiary of the German Prevent DEV GmbH, headquartered in Wolfsburg.

Of the 600 staff members at the Krems and Gmünd sites who, in compliance with legal early-warning requirements, were registered with the Austrian Employment Agency AMS for potential lay-offs, up to 250 persons will actually be laid off.

The speedy implementation of these measures is meant to facilitate a positive conclusion of the administrative receiver-ship proceedings and to safeguard the existence of the Austrian Eybl production sites in Krems and Gmünd.

Due to the ongoing administrative receivership proceedings, publication of the financial results for the stub fiscal year 1 March – 30 September 2008, originally planned for this week, has been postponed to the end of April. According to a decision of the supervisory board of January 27th 2009, the annual shareholders' meeting of Eybl International AG was postponed from February 17th 2009 to May 14th 2009.

Eybl International, a company specialising in textile production, fabri-cation and components for auto-motive interiors headquartered in Krems in Lower Austria, operates internationally at production sites in Austria, Romania and Germany as well as at four distribution sites in Germany, France, Spain and Britain, and is recognised as a competent, reliable and innovative partner within the automotive sector.

Eybl International AG


Must ReadView All

Israeli minister announces tax cuts on consumer goods

Apparel/Garments | On 14th Dec 2017

Israeli minister announces tax cuts on consumer goods

The Israeli Government will slash taxes by $227 million, finance...

Courtesy: Kelvin Techstyles

Apparel/Garments | On 14th Dec 2017

Kelvin Techstyles fuses style and function in city apparel

Fusing style and function in outdoor clothing, Roseville,...

India’s WPI inflation for textiles up 0.3% in Nov 2017

Textiles | On 14th Dec 2017

India’s WPI inflation for textiles up 0.3% in Nov 2017

India’s annual rate of inflation, based on monthly wholesale price...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search