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.
Agriculture Agriculture, Forestry And Fishing Crop And Animal Production, Hunting And Related Service Activities 01.29 - Growing of other perennial crops
206 jobs Number of planned job losses
Announcement Date
24 October 2012
Employment effect (start)
29 October 2012
Foreseen end date
Description
Less & Forest, a wood and forestry company, is to dismiss 206 out of 696 employees due to insolvency. The workforce reduction will take effect on 29th October 2012.
Furthermore, 200 employees with temporary contracts ending in autumn 2012 will also be released. Overall, the workforce will be reduced by 60%.
Updated, 01-02-2013: According to the sources the company decided not to implement any job cuts.Â
Sources
1 February 2013: Hospodárske noviny
24 October 2012: Hospodárske noviny
Citation
Eurofound (2012), Less & Forest, Bankruptcy in Czechia, factsheet number 74374, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74374.
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