ZKL Group

Type
Internal restructuring
Country
Czechia
Region
Česko;
Location of affected unit(s)
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
120 jobs
Number of planned job losses
Job loss
Announcement Date
12 January 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

ZKL Group, the leading Czech producer of bearings, has announced that it is to cut 120 jobs (out of a total of 1,200 jobs) by the end of 2009. The job losses are attributed to the sharp decline in customer orders. The company has several manufacturing and commercial sites in the Czech Republic.

Sources

  • 12 January 2009: Hospodárske noviny

Citation

Eurofound (2009), ZKL Group, Internal restructuring in Czechia, factsheet number 67789, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67789.