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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
1,500 jobs Number of planned job losses
Announcement Date
5 October 2009
Employment effect (start)
1 January 2009
Foreseen end date
15 October 2009
Description
Avia Ashok Leyland Motors, a Prague-based manufacturer of trucks, announced at least 1,500 job losses which have been implemented from January until October 2009. The job cuts are due to significant financial losses and the unfavourable market situation. More dismissals have not been ruled out. Prior to restructuring, the company employed 4,500 workers.
Sources
5 October 2009: Hospodárske noviny
Citation
Eurofound (2009), Avia Ashok Leyland Motors, Internal restructuring in Czechia, factsheet number 69706, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69706.
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