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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
252 jobs Number of planned job losses
Announcement Date
8 July 2005
Employment effect (start)
Foreseen end date
31 December 2006
Description
With reference to results obtained in personnel audit, Czech Ministry of Finance announced its intention to reduce the current staff from 1,473 to 1,221 employees by the end 2006.
The restructuring plan aimed at enhancing effectiveness will bring about 100 million CZK of annually wage costs savings. One half of the savings will be used for remaining staff salaries and the other one will go back to the state budget.
Sources
8 July 2005: Hospodárske noviny
Citation
Eurofound (2005), Ministerstvo financà ČR (Ministry of Finance of the Czech Republic), Internal restructuring in Czechia, factsheet number 61922, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61922.
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