Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Sector
Mining / Quarrying
Mining And Quarrying
Other Mining And Quarrying
08.99 - Other Mining And Quarrying N.E.C.

430 jobs
Number of planned job losses
Job loss
Announcement Date
27 March 2024
Employment effect (start)
31 August 2024
Foreseen end date

Description

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.


Sources

Citation

Eurofound (2024), Diamo, Internal restructuring in Czechia, factsheet number 201013, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201013.