Klokánek selling off three facilities to lower debt

The indebted Fund for Children at Risk Klokánek which runs a number of children’s homes around the country says it is selling off three of its facilities in order to lower its debt. The homes being placed on the market are in Kroměříž, Dubí and Prague’s Kbely district. Several dozen employees will lose their jobs. In June the ailing fund replaced its management and is asking the government for a financial injection which would enable it to continue functioning.