Prague Public Transport Company

Type
Internal restructuring
Country
Czechia
Region
Česko; Praha; Hlavní město Praha
Location of affected unit(s)
Praha
Sector
Transportation / Storage
49 - Land transport and transport via pipelines
49.3 - Other passenger land transport
49.3 - Other passenger land transport
500 jobs
Number of planned job losses
Job loss
Announcement Date
20 October 2009
Employment effect (start)
Foreseen end date
31 December 2010

Description

Prague City Traffic Company, an organisation that operates public transport in Prague, is to cut about 500 jobs out of 11,000 in 2010 due to a financial loss of CZK 2 billion.

Sources

  • 20 October 2009: Hospodárske noviny

Citation

Eurofound (2009), Prague Public Transport Company, Internal restructuring in Czechia, factsheet number 69719, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69719.