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 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Top executives
Textile industry, India

The event should be organised every year

Larry L Kinn
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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