Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

4,000 jobs
Number of planned job losses
Job loss
Announcement Date
20 December 2007
Employment effect (start)
Foreseen end date
31 December 2009

Description

České Dráhy (Czech Railways), the largest state-owned company and the biggest Czech employer, is to cut approximately 4,000 jobs by the end of 2009. The government has approved a social plan allocating 684 million CZK to compensate for the expected redundancies. The company currently employs about 53,000 people.

Background information on the restructuring in České Dráhy is available on the European Industrial Relations Observatory (EIRO).  


Sources

  • 20 December 2007: Hospodárske noviny

Citation

Eurofound (2007), České Dráhy (Czech Railways), Internal restructuring in Czechia, factsheet number 66139, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66139.