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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
1,200 jobs Number of planned job losses
Announcement Date
25 August 2009
Employment effect (start)
1 April 2009
Foreseen end date
31 December 2010
Description
Skanska CZ, a construction group with headquarters in Sweden, has announced the revised number of job losses that is about 1,200 (instead of previously announced 212) to be implemented in the period between April 2009 and December 2010. Skanska currently employs approximately 6,800 people. The laid-off workers will be given severance pay amounting up to 6 monthly wages. General Manager, Dan Ťok, said that the workforce reduction is one of the major restructuring measures helping to reduce operation costs and increase labour productivity in the period of economic crisis.
Sources
25 August 2009: Hospodárske noviny
9 September 2009: Novinky
Citation
Eurofound (2009), Skanska CZ, Internal restructuring in Czechia, factsheet number 69416, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69416.
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