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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Wholesale Of Food, Beverages And Tobacco 46.36 - Wholesale of sugar and chocolate and sugar confectionery
33 - 53 jobs Number of planned job losses
Announcement Date
4 May 2020
Employment effect (start)
Foreseen end date
Description
Ovocný Světozor, the Czech confectionery chain, dismissed between 30 and 50 agency workers, and 3 employees in their probation period, out of about 307 staff due to the COVID-19 crisis.
The internal restructuring was originated by the loss made by the company as a consequence of the measures to contain the outbreak, corresponding to a daily amount of CZK 450,000 (about €17,000). During the COVID-19 crisis some of its shops were closed or operating in a restricted mode, while currently only 9 of its 13 stores are working. In this period, the company was supported by a subsidised loan, guaranteed at 80% by the State, of CZK 15 million (about € 550,000).
Ovocný Světozor is a confectionery operative in Prague from 1992. From one establishment it has expanded, in more than twenty years of activity, to the current 13 confectioneries with their own production, bakery and ice cream factory.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
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