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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
125 jobs Number of planned job losses
Announcement Date
5 May 2008
Employment effect (start)
Foreseen end date
30 June 2008
Description
Preciosa, a traditional Czech manufacturer of cut crystal glass products since 1948, has announced the dismissal of 125 people, mainly manual workers, by the end of June 2008. This is its second collective dismissal since January of 2008, when the company cut 262 jobs. The company, with headquarters in Jablonec and Nisou, currently employs about 2,400 people. The restructuring is being carried out due to increasing labour productivity and diminishing demand in the market.
Sources
5 May 2008: Hospodárske noviny
Citation
Eurofound (2008), Preciosa, Internal restructuring in Czechia, factsheet number 66614, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66614.
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