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.
Agriculture Agriculture, Forestry And Fishing Forestry And Logging 02 - Forestry and logging
2,000 jobs Number of planned job losses
Announcement Date
4 October 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
The Czech leading forestry holding, CE Wood, plans to dismiss up to 2,000 people. It would be one of the largest staff redundancies in the country. According to the company's executive Ivan Doubrava, the main reason is the delay in the tender's procedures organised by the state-owned company Lesy ÄŒR. Now, CE Wood employs 4,200 workers.
It was also reported that up to 4,000 people are expected to leave the forestry industry by the end of 2006 due to this delay. However, employers believe that most of laid off workers could be reemployed or find a job after the official approval of the tenders.
Sources
4 October 2006: Hospodárske noviny
5 October 2006: Hospodárske noviny
Citation
Eurofound (2006), CE Wood, Other in Czechia, factsheet number 64198, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64198.
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