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.
On 25th November 2010 Tona, a traditional Czech hand tools provider, announced its plan to close its factory at Pečky, which will mean layoffs for 130 employees. The company's spokesman indicated the global crisis as the main reason behind the closure. Tona, owned by Stanley Black & Decker, couldn't cope with the decreased number of orders and increasing labour costs.
Eurofound (2010), Tona, Closure in Czechia, factsheet number 71117, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71117.