Restructuring events
European Restructuring Monitor (ERM)
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.
The Norwegian Food Company Orkla will close its two Czech plants in Bzenec, as well as in Panenské Břežany near the Czech capital Prague. Around 250 employees will lose their jobs as a result of the closure. Dismissals are set to begin in the last quarter of 2023, from October onwards, and the production plants are to be closed by the end of 2023. According to the management of Orkla, the reason behind the closure is the increasing cost of operating these two plants and their long-term unprofitability. The employees were informed by Orkla about the layoffs in February of 2023.
The closure of the plants will affect the production of sterilized pickles Znojmia and frozen fruit of Agrimex Vestec, which is a subsidiary of Orkla. The company is the second biggest domestic producer of packaged foods.
Eurofound (2023), Orkla, Closure in Czechia, factsheet number 109278, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109278.