Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Czech coal mining company OKD has announced 1,957 redundancies by the end of February 2021. The government decided to end mining at the Darkov and ČSA mines in the Karviná region and to start the gradual cessation of coal mining. By January 1, 548 people will be dismissed, and the remaining 1,409 workers will be dismissed on March 1, 2021. Approximately 400 employees from OKD will be transferred to the state-owned company Diamo to participate in preparatory work in connection with the termination of mining.
OKD is currently facing an economic crisis, which is mainly caused by the continuing decline of energy and coking coal prices combined with the impact of the global COVID-19 pandemic. From November 1, the Labour Office will open three mobile counselling centres on the premises of the OKD mining company to provide all services to workers who may be affected by redundancies in the coming months. Some of the activities and employees will be transferred to the state-owned company DIAMO.
At the end of August 2020, OKD had approximately 5,600 employees. Mining activity in all OKD mines is to be terminated, by government decision, by the end of 2022. OKD assets will gradually be transferred to the state-owned company Diamo. Diamo is tasked to organise labour market orientation and training and to pay social contributions to former miners.
Eurofound (2020), OKD, Closure in Czechia, factsheet number 101902, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101902.