New World Resources (NWR)

Type
Internal restructuring
Country
Czechia
Region
Česko;
Location of affected unit(s)
Sector
Mining / Quarrying
05 - Mining of coal and lignite
05 - Mining of coal and lignite
05 - Mining of coal and lignite
2,500 jobs
Number of planned job losses
Job loss
Announcement Date
12 June 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

New World Resources (NWR), a Dutch mining company which owns OKD - the largest Czech producer of hard coal, has announced that it is to cut 2500 jobs out of nearly 20,000 by the end of 2009 with a view of reducing expenses. The total number of dismissals does not include the 500 job losses in Ostrava due to the closure of a coke plant (see fact sheet 13702). The company's management also reached an agreement with trade unions on a general wage reduction in 2009.

Sources

  • 12 June 2009: MF Dnes

Citation

Eurofound (2009), New World Resources (NWR), Internal restructuring in Czechia, factsheet number 69098, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69098.