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.
ZSSK Cargo, a Slovak state-owned rail freight operator, announced a plan to reduce its workforce by up to 400 positions as part of an internally approved recovery plan. The cuts would target various roles across the company, including management and train driver positions. The restructuring is already underway, with the final number of affected employees to be determined through negotiations with employee representatives, alongside the final shape of the organisational changes.
Economic pressures from falling freight volumes due to the war in Ukraine, rising operating costs, and a broader industry downturn underpin the decision, following a net loss of approximately €29 million last year. Some affected train drivers may be offered transfers to the company's sister passenger operator, ZSSK, which is separately facing a shortage of drivers, though such transfers are not automatic and depend on meeting professional qualifications.
Eurofound (2026), ZSSK Cargo, Internal restructuring in Slovakia, factsheet number 300847, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300847.
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