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.
Nová Huť (formerly Liberty Ostrava), a Czech company operating in the steel industry, plans to lay off about 250 employees, reducing its workforce from 2,350 staff at the time of acquisition towards a target level of 2,000 employees.
The company was recently purchased for CZK 3.01 billion in October 2025. The management found the company to be overstaffed relative to its current operational capacity and required an internal structure change.
The layoffs mainly concern maintenance workers and general support/overhead staff, while employees in direct production are spared. The company is actively recruiting production workers and offers the affected staff the opportunity to transfer internally from maintenance to production line roles.
Nová Huť is one of the major steel producers in the Czech Republic, employing around 2,350 workers at the time of the acquisition in 2025.
Previous information about mass layoffs in 2024 Liberty Ostrava 2024 - CZ
Eurofound (2025), Nová Huť, Internal restructuring in Czechia, factsheet number 203674, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203674.
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