Lira

Type
Internal restructuring
Country
Czechia
Region
Česko; Jihozápad; Jihočeský kraj
Location of affected unit(s)
Český Krumlov
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16 - Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
107 jobs
Number of planned job losses
Job loss
Announcement Date
25 September 2009
Employment effect (start)
1 January 2009
Foreseen end date
30 June 2009

Description

Lira, the biggest European custom frames producer, had to cut 107 jobs out of 347 in the period between January and June 2009 due to the global economic crisis. Redundant workers were given from 4 to 6 monthly wages as a compensation. About 80 percent of company's production is exported abroad, especially to the USA.

Sources

Citation

Eurofound (2009), Lira, Internal restructuring in Czechia, factsheet number 69571, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69571.