Less & Forest

Type
Bankruptcy
Country
Czechia
Region
Česko;
Location of affected unit(s)
Sector
Agriculture / Forestry / Fishing
01 - Crop and animal production, hunting and related service activities
01.2 - Growing of perennial crops
01.29 - Growing of other perennial crops
206 jobs
Number of planned job losses
Job loss
Announcement Date
24 October 2012
Employment effect (start)
29 October 2012
Foreseen end date

Description

Less & Forest, a wood and forestry company, is to dismiss 206 out of 696 employees due to insolvency. The workforce reduction will take effect on 29th October 2012.

Furthermore, 200 employees with temporary contracts ending in autumn 2012 will also be released. Overall, the workforce will be reduced by 60%.

Updated, 01-02-2013: According to the sources the company decided not to implement any job cuts.

Sources

  • 1 February 2013: Hospodárske noviny
  • 24 October 2012: Hospodárske noviny

Citation

Eurofound (2012), Less & Forest, Bankruptcy in Czechia, factsheet number 74374, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74374.