Meat factory announces layoffs

One of the largest meat-processing factories in the Czech Republic, Masokombinát Klatovy, west of Prague, has announced both a cut in production as well as a round of layoffs. According to news sources, 180 of 208 of the company’s worker’s are to be made redundant. Analysts say that the layoffs are unrelated to the global economic slowdown, but rather reflect the long-term financial woes and deep debts of the company, which has existed since before the Velvet Revolution.