Kostelecké uzeniny a.s.

Type
Internal restructuring
Country
Czechia
Region
Česko; Jihovýchod;
Location of affected unit(s)
Sector
Manufacturing
(10 - 11) Manufacture of food and beverage
10.1 - Processing and preserving of meat and production of meat products
10.11 - Processing and preserving of meat, except of poultry meat
100 jobs
Number of planned job losses
Job loss
Announcement Date
26 January 2005
Employment effect (start)
Foreseen end date
31 December 2005

Description

Kostelecké uzeniny a.s., a producer of smoked and canned foods as well as a complete range of meat products, intends to cut its current staff of 1,350 employees by 100. The company has become, since it was founded in 1917, one of the largest and fastest developing companies in the Czech Republic. The internal restructuring was evidently caused by rising purchasing prices, competition from imported meat and frequent veterinary tests following EU accession forcing the management to increase investment.

Sources

  • 26 January 2005: Hospodárske noviny

Citation

Eurofound (2005), Kostelecké uzeniny a.s., Internal restructuring in Czechia, factsheet number 61066, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61066.