Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2008), Letiště Praha (Prague Airport), Internal restructuring in Czechia, factsheet number 67078, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67078.