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.
The state-owned enterprise Diamo, which specializes in mitigating the consequences of mining activities, has announced 430 job cuts across seven manufacturing plants in the Czech Republic by the end of August 2024. At the same time, there will be a merger of plants - four will remain from the current seven.
Redundancies and mergers should bring annual savings of CZK 400 to 500 million (€15.8 to 19.8 million).
The company, which currently employs 3,450 people, intends to use the savings to cover expenses for mitigating the consequences of uranium mining.
Eurofound (2024), Diamo, Internal restructuring in Czechia, factsheet number 201013, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201013.