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 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
500 jobs Number of planned job losses
Announcement Date
30 September 2008
Employment effect (start)
Foreseen end date
Description
State enterprise LESY Slovenskej republiky, which manages forests and produces timber, will dismiss 500 employees in an aim to rationalise the company’s operations and increasing the effectiveness of its business. Employees working at all levels of organisational hierarchy will be hit by the redundancies although most of the job cuts will be of white collar workers. It is expected that the planned dismissals will reduce labour costs in the company by SKK 300 million (about Euro 10 million). Employment effect start and timeline were not yet announced. "Lesy prepustia päťsto ľudÃ".
Sources
30 September 2008: Hospodárske noviny
Citation
Eurofound (2008), LESY Slovenskej republiky, Internal restructuring in Slovakia, factsheet number 67185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67185.
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