The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Other Services Membership Organisations Activities Of Membership Organisations 94.11 - Activities of business and employers membership organisations
75 jobs Number of planned job losses
Announcement Date
13 August 2020
Employment effect (start)
Foreseen end date
31 December 2020
Description
Veletrhy Brno, a business company owning an architecturally significant exhibition complex in Brno-Pisárky, the so-called Brno Exhibition Grounds, will lay off 30 percent of its 250 staff due to COVID-19 crisis. This year, the company will report a loss of hundreds of million Czech crowns, running of cash at the end of the year. Due to the COVID-19 crisis, major trade fairs, such as the International Engineering Fair, were cancelled. It was pointed out, that this unfavourable situation will also affect hundreds to thousands of people in other companies whose business is linked to trade fair events.
Sources
Citation
Eurofound (2020), Veletrhy Brno, Internal restructuring in Czechia, factsheet number 101576, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101576.
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