EMCC European Monitoring Centre on Change

Less & Forest

Company/Organisation:
Less & Forest

Geographic Location

Country: Czechia

Company

Sector: Agriculture
Agriculture, forestry and fishing
01.29 - Growing of other perennial crops
Number Employed: 696
Group: Less

Employment Effects

Announcement Date: 24-10-2012
Planned Job Reductions min: 206
Type of Restructuring: Bankruptcy
Employment Effect Start: 29-10-2012
Direct Dismissals: 206
Other Job Reduction Measures: 200

Additional Information

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.