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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
250 jobs Number of planned job losses
Announcement Date
18 September 2009
Employment effect (start)
Foreseen end date
30 November 2009
Description
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.
Sources
18 September 2009: Hospodárske noviny
Citation
Eurofound (2009), Kavalier Sázava, Merger/Acquisition in Czechia, factsheet number 69540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69540.
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