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

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Apparel/Garments | On 19th Jan 2017

Apparel brand Mango adapts website for Middle East region

Spanish apparel brand Mango has unveiled an adapted version of its...

Apparel/Garments | On 18th Jan 2017

Government considering 100% FDI in single brand retail

The Government of India is looking at allowing 100 per cent foreign...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search