Type
Merger/Acquisition
Country
Czechia
Region
Stredni Cechy; Stredocesky;
Location of affected unit(s)
Sázava
Sector
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

250 jobs
Number of planned job losses
Job loss
Announcement Date
18 September 2009
Employment effect (start)
Foreseen end date
30 November 2009

Description

Ojgar, a new owner of the glassworks Kavalier Sazava, has announced that it is to cut 250 jobs out of 1,000 by the end of November 2009 due to economic downturn. According to the CEO of the local labour office, collective dismissals will affect roughly 200 employees and 50 fixed-term working contracts will not be renewed. The glassworks located in the city of Sazava was the only plant belonging to the bankrupt company Bohemia Crastalex Trading (BCT), whose production had not been interrupted.


Sources

  • 18 September 2009: Hospodárske noviny

Citation

Eurofound (2009), Kavalier Sázava, Merger/Acquisition in Czechia, factsheet number 69540, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69540.