Type
Closure
Country
Czechia
Region
Praha;
Location of affected unit(s)
Prague
Sector
Manufacturing
Manufacture For Transport Equipment
Manufacture Of Other Transport Equipment
30 - Manufacture of other transport equipment

1,000 jobs
Number of planned job losses
Job loss
Announcement Date
3 July 2009
Employment effect (start)
3 August 2009
Foreseen end date

Description

Siemens Kolejová vozidla, the leading manufacturer of rail vehicles, has confirmed the closure of the Prague site resulting in 1,000 job cuts after parent company Siemens failed to find a buyer or potential investor. The company started the restructuring in 2008 and did not find a potential investor (see fact sheet No 11517). Redundant workers will be given severance pay amounting to 16 average wages. For more information, see the EIRO report.


Sources

  • 3 July 2009: Právo

Citation

Eurofound (2009), Siemens Kolejová vozidla, Closure in Czechia, factsheet number 69277, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69277.