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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49 - Land transport and transport via pipelines
950 - 1,950 jobs Number of planned job losses
Announcement Date
24 August 2010
Employment effect (start)
31 December 2010
Foreseen end date
31 December 2011
Description
On 24 August 2010, Správa železniÄnà dopravnà cesty (SŽDC), a state railway administration organisation, announced a massive workforce reduction of about 950 workers out of a total 9,600 by the end of 2010. The job cuts are part of a cost saving programme approved by the government. According to trade union representative Jaroslav PejÅ¡a, such large scale dismissals may result in social conflicts and could threaten the safety of railway transport.
On 19 November 2010, the company announced that it will lay off a further 1,000 employees in 2011. Workforce reduction will affect especially employees in administration. Trade union leaders criticise the restructuring plan and say that it is not effective.
Sources
: Ekonomika
5 October 2010: ČTK
24 August 2010: Hospodárske noviny
19 November 2010: MF Dnes
Citation
Eurofound (2010), Správa železniÄnà dopravnà cesty (SŽDC), Internal restructuring in Czechia, factsheet number 70831, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70831.
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