Economy By

Hartmann-Rico to close Chvalkovice plant in Czechia in 2027

Hartmann-Rico to close Náchod region plant in a year

Hartmann-Rico, part of the German Hartmann group, will close its plant in the Náchod region, in Chvalkovice, in a year. The company announced the move on Thursday.

Roughly half of the plant’s workers are foreigners. The company explained the closure by pressure to cut production costs, caused partly by strong price competition from manufacturers outside the European Union.

For the same reasons, the firm already ended production at its plant in Havlíčkův Brod in March this year, where about 200 people worked. The company’s aim is to consolidate production and strengthen it with investment at its main plant in Veverská Bítýška in the Brno region. After Chvalkovice closes, it will remain the firm’s only production site in Czechia, employing about 900 people.

What this means for foreigners

This affects workers at the Hartmann-Rico plant in the Náchod region, about half of whom are foreigners. The plant will close in a year.

Around Prague, based on reporting by novinky.cz

Share: Telegram WhatsApp

More U.S. news

Trump Backs Hegseth, but Iran War Fallout Puts Defense Chief at Risk
President Donald Trump publicly stood by Defense Secretary Pete Hegseth on Wednesday, but the fallout from Republican losses in the midterm elections has left the Pentagon chief under pressure from se
Garth Brooks Announces 10 Irish Stadium Shows for 2027, Starting in Belfast
Country star Garth Brooks will return to Ireland in 2027 for ten stadium concerts in five cities, starting with two nights in Belfast on May 21 and 22. Tickets for all shows go on sale at 8 a.m. on Th
Judge Ends Frog Embryo Smuggling Case Against Harvard Scientist
A federal judge in Massachusetts has dismissed the criminal case against Kseniia Petrova, the Russian-born Harvard researcher accused of smuggling frog embryos into the United States. U.S. District Ju
What Cheaper Oil Means for Drivers as Dow Jumps 1,519 Points
Oil prices fell sharply and U.S. stocks rallied Wednesday, a day after Republicans lost sole control of Washington in the midterm elections. According to NBC News, a GasBuddy analyst said the drop in
Powerball Numbers Drawn for $835 Million Jackpot: 15, 34, 41, 53, 56
The numbers for Wednesday night's Powerball drawing, with an estimated jackpot of $835 million, were 15, 34, 41, 53 and 56, according to Lohud, ABC7 New York and The Star Press. The next drawing is Sa
Jamie Foxx and Alyce Huckstepp Have First Baby, His Third Child at 58
Actor Jamie Foxx, 58, and his girlfriend, Alyce Huckstepp, 31, have welcomed their first child together, according to People, which was first to report the news. Sources confirmed the birth to People

Related news

The Czech government wants to extend the windfall tax, originally conceived for oil refineries, to other sectors. Prime Minister Andrej Babiš discussed additional taxation of the sector with representatives of the largest banks on Wednesday
The British pound has climbed to its strongest overall level since the 2016 Brexit referendum, according to Bank of England figures cited by the BBC. The move comes just ahead of a Bank of England interest rate decision in which the first r
Poundland, the British discount chain, is close to insolvency, and thousands of jobs and dozens of high street stores depend on whether its U.S.-based owner accepts a rescue deal. Business Secretary Jonathan Reynolds met representatives of
The Czech National Bank (CNB) is expected to raise its base rate, currently at 3.75%, in the near future, according to economists. The reason is that inflation in Czechia is picking up again. For borrowers, this means mortgages and other lo
Entrepreneurs in Czechia can already register in the EET electronic sales recording system, which will go live on 1 January 2027. The Ministry of Finance says it has sent registration instructions to the data boxes (datová schránka) of all
The United States plans to remove South Africa and Rwanda from a trade program that lets African countries sell thousands of products to the U.S. without import duties. The change would take effect Jan. 1, 2027, according to the BBC, Al Jaz
Households in Czechia will pay more for electricity next year. According to the draft price decisions for 2027 published by the Energy Regulatory Office (ERÚ), electricity distribution charges will rise most from January. The document is st
Ryanair, Europe’s largest airline by passenger numbers, said it is weighing temporary pay freezes, smaller crews on flights and wider use of artificial intelligence to absorb a sharp rise in jet fuel costs tied to the war in the Middle East
Binance, the world's largest cryptocurrency exchange, began restoring customer withdrawals on Nov. 1 after a $6.3 billion hack, and billions of dollars left the platform within hours. The exchange says it has replaced 95% of the stolen asse
Heating could get more expensive in 2027: households connected to district heating will pay more because wholesale gas prices have risen amid tensions in the Strait of Hormuz and Russia’s war in Ukraine. Analysts expect gas-fired heating pl
Binance, the world's largest cryptocurrency exchange, suspended all deposits and withdrawals on Thursday after what it called a security incident. Al Jazeera reported that about $6.3 billion in funds were stolen, which would make it the big
Christine Lagarde, president of the European Central Bank, will step down on Feb. 7, nine months before her eight-year term was due to end on Oct. 31, 2027, the bank announced Thursday. The decision starts a scramble among European Union le