Study: Six percent of Czech firms planning lay-offs in 2009

Six percent of the firms operating in the Czech Republic are planning redundancies in the next three months, suggests the Manpower Labour Market Index, which came out on Tuesday. The last such index released in September found that only one percent of firms in this country were planning job cuts. The situation is worst in Moravia, suggests the study. The index, however, does indicate that the situation overall in the Czech Republic is more favourable than elsewhere in Europe, such as in Ireland, Spain and Italy, where larger-scale redundancies are predicted.