Tona

Type
Closure
Country
Czechia
Region
Stredni Cechy; Stredocesky;
Location of affected unit(s)
Pečky
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.
130 jobs
Number of planned job losses
Job loss
Announcement Date
25 October 2010
Employment effect (start)
31 December 2010
Foreseen end date

Description

On 25th November 2010 Tona, a traditional Czech hand tools provider, announced its plan to close its factory at Pečky, which will mean layoffs for 130 employees. The company's spokesman indicated the global crisis as the main reason behind the closure. Tona, owned by Stanley Black & Decker, couldn't cope with the decreased number of orders and increasing labour costs.

Sources

  • 25 October 2010: Hospodárske noviny

Citation

Eurofound (2010), Tona, Closure in Czechia, factsheet number 71117, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71117.