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 brown coal mining company Sokolovská uhelná (SUAS) is to shut down its compressed gas plant in Vřesová (Karlovy Vary region) in August 2020, after failing to reach an agreement with the government to allow its continued operation. Up to 1,000 employees will lose their jobs by the end of 2020. The closure of the gas plant, which processed brown coal, is the result of pressure to stop using coal and soaring prices of emission allowances.Dismissed workers may qualify for government support related to mitigating social impacts associated with restructuring or downsizing mining companies.Sokolovská uhelná’s employees may receive state aid of up to CZK 5,300 (€195) per month for up to five years, if approved by the government.
Eurofound (2020), Sokolovská uhelná (SUAS), Closure in Czechia, factsheet number 102091, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102091.