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.
Manufacturing Manufacture Of Wood And Paper Materials Manufacture Of Wood And Of Products Of Wood And Cork, Except Furniture; Manufacture Of Articles Of Straw And Plaiting Materials 16.2 - Manufacture of products of wood, cork, straw and plaiting materials
93 jobs Number of planned job losses
Announcement Date
27 April 2023
Employment effect (start)
27 April 2023
Foreseen end date
30 June 2023
Description
The Czech company TON, which produces bentwood furniture, has announced 93 job cuts out of the 600 staff by the end of June 2023. The dismissals will affect both administrative and production positions. The main reason for the layoff of staff is the increasing costs and a decline in new orders from the Czech Republic and abroad. In the last few months, energy and raw materials prices have increased significantly. According to CEO Milan DostalÃk, the introduction of short-time working (Kurzarbeit) would alleviate the imminent wave of layoffs across the industry.
Eurofound (2023), TON, Internal restructuring in Czechia, factsheet number 109071, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109071.
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