ÂŽeleznice Slovenskej republiky

Type
Internal restructuring
Country
Slovakia
Region
Location of affected unit(s)
NA
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines
2,105 jobs
Number of planned job losses
Job loss
Announcement Date
12 May 2005
Employment effect (start)
1 January 2005
Foreseen end date
31 December 2005

Description

Slovak Railways dismissed 2105 employees in 2005. That was more (by 673 employees)than the management had originally planned. The dismissals decreased the annual labour cost of the company by SKK 113 million. Employment in Railways was reduced to 19,663 employees by the end of 2005. According to the company management further staff reduction is foreseen in 2006-7.

In 2004, Slovak Railways had already reduced their staff by 1,136 employees. Already then, the dismissals exceeded the original the plan which forsaw only 723 redundancies.

Sources

  • 3 May 2006: SME
  • 12 May 2005: SME

Citation

Eurofound (2005), ÂŽeleznice Slovenskej republiky, Internal restructuring in Slovakia, factsheet number 61588, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61588.