Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
NA
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.1 - Manufacture of basic iron and steel and of ferro-alloys

417 jobs
Number of planned job losses
Job loss
Announcement Date
7 July 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 July 2009

Description

Z-group, a Czech producer of iron and steel, is to cut a further 53 jobs by the end of July 2009 due to a sharp decline in customer orders. Since the beginning of 2009, the company has already made 364 employees redundant. Z-group operates at 4 plants and before restructuring employed over 1,100 people.


Sources

  • 7 July 2009: Hospod├írske noviny

Citation

Eurofound (2009), Z-group, Internal restructuring in Czechia, factsheet number 69285, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69285.