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 OKD has announced plans to terminate coal mining at the ČSM mine in the Karviná region by 31 January 2026, resulting in the layoff of 750 employees, with an additional 150 employees leaving by 28 February 2026. The company cites declining coal demand, falling global coal prices, and the weakening of the US dollar as key drivers of the shutdown. This marks the end of black coal mining in the country after 250 years.
Dismissed employees will receive generous severance pay up to 11 months' salary and be offered job search assistance as part of the New Shift program. The total amount for severance payments will exceed CZK 500 million (€ 20.5 million).
The company currently employs 2,300 people, of which 1,750 are permanent employees. The average age of permanent employees is 49 years. The average monthly gross salary in 2024 was CZK 56.985 (€ 2.340).
Previous information about 400 job cuts in 2025 OKD 2025 - CZ
Eurofound (2025), OKD, Closure in Czechia, factsheet number 203629, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203629.
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