Bohemian glass

Sklo Bohemia Glass Factory To Be Closed

According to CTK, well known Czech Sklo Bohemia glass factory, a unit of heavily indebted Bohemia Crystalex Trading (BCT) group, located in Svetla nad Sazavou, Eastern Bohemia, will terminate production due to various difficulties. The majority of employees are to cease work today, only persons needed to stop plant operation do not leave their jobs yet.

The destiny of another BCT group unit - Sklarny Bohemia located in Podebrady, Central Bohemia – is also unclear. This plant, which is now gradually cutting production, is also very likely to be closed in the nearest future and its stuff to be dismissed. Until now Sklarny Bohemia is one of the largest employers in Central Bohemia.

The BCT group, one of the largest world’s glassmakers that employs in total more than 5,000 people, has been heading for a fall for quite a long period of time. Among the main reasons of company’s probable decline are unsettled loans made in the end of 1990s. According to Petr Sklenar, an economist of financial group Atlantik, the financial crisis raging in the world “was not the main cause of the collapse, but made it faster”.

Photo: by Ulrich Mayring (wikimedia.org)

Date: 30/09/2008