Papírny Větřní

Type
Internal restructuring
Country
Czechia
Region
Česko; Jihozápad; Jihočeský kraj
Location of affected unit(s)
Větřní
Sector
Manufacturing
(16 - 17) Manufacture of wood and paper materials
17 - Manufacture of paper and paper products
17 - Manufacture of paper and paper products
130 jobs
Number of planned job losses
Job loss
Announcement Date
31 August 2010
Employment effect (start)
Foreseen end date
31 October 2010

Description

Paper mill Větřní is to cut over 130 out of a total 630 jobs by the end of October 2010. The job cuts are blamed on the company's financial problems (monthly loss amounting to CZK 10 million). Most of dismissals will affect manual workers; office workers make up only one tenth of the workforce reduction.

Sources

  • 31 August 2010: MF Dnes

Citation

Eurofound (2010), Papírny Větřní, Internal restructuring in Czechia, factsheet number 70899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70899.