Type
Internal restructuring
Country
Czechia
Region
Severovychod; Liberecky;
Location of affected unit(s)
Stráž pod Ralskem
Sector
Agriculture
Agriculture, Forestry And Fishing
Forestry And Logging
02 - Forestry and logging

300 jobs
Number of planned job losses
Job loss
Announcement Date
2 October 2009
Employment effect (start)
1 January 2009
Foreseen end date
30 September 2009

Description

Headquarted in Stráž pod Ralskem, DIAMO - a state enterprise active in the field of land regeneration after logging operations - has announced 300 job losses, starting in January 2009. The last 60 notices were given at the end of September 2009. Public subsidies have been cut considerably. According to the CEO, another 800 workers are at risk of losing their jobs if no financial injection is available.


Sources

  • 2 October 2009: Hospodárske noviny

Citation

Eurofound (2009), DIAMO, Internal restructuring in Czechia, factsheet number 69629, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69629.