Český telecom a.s.

Type
Internal restructuring
Country
Czechia
Region
Stredni Cechy; Stredocesky;
Location of affected unit(s)
NA
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications
1,800 jobs
Number of planned job losses
Job loss
Announcement Date
10 January 2005
Employment effect (start)
Foreseen end date
31 December 2005

Description

ÄŒesky Telecom a.s., the largest provider of telecommunication services in the Czech Republic and one of the prominent telecommunication companies in Central Europe, has been undergoing a large restructuring process since the end of 2003. In 2004 the company reduced the personnel by 2,100 employees and considers to cut gradually the current staff from 8,800 to 7,000 before the end of 2005, involving mainly low-skilled workers.

Redundancy payments are much higher than the statutory ones and amount to 6 – 10 monthly salaries depending on the length of employment.

Sources

Citation

Eurofound (2005), Český telecom a.s., Internal restructuring in Czechia, factsheet number 61019, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61019.