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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.21 - Manufacture of gas
1,000 jobs Number of planned job losses
Announcement Date
30 July 2020
Employment effect (start)
30 July 2020
Foreseen end date
31 December 2020
Description
Czech brown coal mining company Sokolovská uhelná (SUAS) is to shut down its compressed gas plant in VÅ™esová (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.Â
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