Czech brands moving abroad
The economic crisis is forcing companies based in the Czech Republic to move production to other countires. As of last September a number of firms moved abroad, some of them the makers of traditional Czech brands. Hera margarine, Mochov vegetables, Solo matches and Akuma car bateries are some of the brands that will no longer be produced here. Hera margarine, Mochov vegetables, Solo matches and Akuma car bateries are some of the brands that will no longer be produced here. “The crisis has enabled owners to quickly and agressively close down productions. Companies are not just moving to lower labour costs but also to restructuralise and optimise their production and reduce overall expenses,” says Radek Schmied of the consulting companyContinue Reading