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.
Manufacturing (24 - 25) Manufacture of metals 24.5 - Casting of metals 24.52 - Casting of steel
100 jobs Number of planned job losses
Announcement Date
16 March 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Joint-stock company Třinecké železárny — Moravia Steel, one of the largest ironworks in the Czech republic with a long tradition of steelmaking, has announced a large restructuring programme that is to start during 2006. The plan includes an employment reduction of about 100 jobs in its subsidiary VVT-Vítkovice válcovna trub (Tube Mill Vítkovice) in Ostrava.
Sources
16 March 2006: Hospodárske noviny
Citation
Eurofound (2006), VVT - Vítkovice válcovna trub, Internal restructuring in Czechia, factsheet number 63162, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63162.
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