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.
Ojgar, a new owner of the glassworks Kavalier Sazava, has announced that it is to cut 250 jobs out of 1,000 by the end of November 2009 due to economic downturn. According to the CEO of the local labour office, collective dismissals will affect roughly 200 employees and 50 fixed-term working contracts will not be renewed. The glassworks located in the city of Sazava was the only plant belonging to the bankrupt company Bohemia Crastalex Trading (BCT), whose production had not been interrupted.
Eurofound (2009), Kavalier Sázava, Merger/Acquisition in Czechia, factsheet number 69540, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69540.