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 Food And Beverage Manufacture Of Food Products 10.11 - Processing and preserving of meat
100 jobs Number of planned job losses
Announcement Date
26 January 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Kostelecké uzeniny a.s., a producer of smoked and canned foods as well as a complete range of meat products, intends to cut its current staff of 1,350 employees by 100. The company has become, since it was founded in 1917, one of the largest and fastest developing companies in the Czech Republic. The internal restructuring was evidently caused by rising purchasing prices, competition from imported meat and frequent veterinary tests following EU accession forcing the management to increase investment.
Sources
26 January 2005: Hospodárske noviny
Citation
Eurofound (2005), Kostelecké uzeniny a.s., Internal restructuring in Czechia, factsheet number 61066, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61066.
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