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
107 jobs Number of planned job losses
Announcement Date
25 September 2009
Employment effect (start)
1 January 2009
Foreseen end date
30 June 2009
Description
Lira, the biggest European custom frames producer, had to cut 107 jobs out of 347 in the period between January and June 2009 due to the global economic crisis. Redundant workers were given from 4 to 6 monthly wages as a compensation. About 80 percent of company´s production is exported abroad, especially to the USA.
Sources
25 September 2009: Právo - Jižní Čechy (www.pravo.cz)
Citation
Eurofound (2009), Lira, Internal restructuring in Czechia, factsheet number 69571, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69571.
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