Prostějov laying off employees

30-04-2010

Clothing manufacturer Prostějov, which is on the verge of bankruptcy, has laid off 600 workers. The firm, which is 1,6 billion crowns in debt, will now run on 900 employees. The one-time clothing giant, which produced the best quality wear during the communist years, has been hit by a sudden fall in demand which has seen it operate at 30 percent of its capacity. In the first three months of this year it posted a loss of 104 million crowns.