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 mining company Severní energetická has announced plans to terminate brown coal mining at the ČSA mining site in Most. As a result, the company will lay off approximately 500 employees.
Mining will be closed down in a controlled manner within the next few months. About 485 job cuts will occur between May and July 2024.The layoffs concern job positions such as operational locksmiths, electricians, drivers, mechanics, and other technical professions.
All dismissed employees will receive an above-standard severance pay amounting to eight times their salary.
Eurofound (2024), Severní energetická, Closure in Czechia, factsheet number 201153, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201153.