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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
150 jobs Number of planned job losses
Announcement Date
12 September 2008
Employment effect (start)
1 December 2008
Foreseen end date
Description
Management of Letiště Praha (Prague Airport) has announced that it is to cut 150 jobs, about one tenth of the personnel, as from 1 December 2008 due to preparations for airport privatization. The company plans to allocate a generous CZK one million package of compensation for dismissed workers. In addition, employees will be given severance pay amounting up to seven average monthly wages in relation to the duration of employment.
Sources
12 September 2008: Hospodárske noviny
Citation
Eurofound (2008), Letiště Praha (Prague Airport), Internal restructuring in Czechia, factsheet number 67078, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67078.
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