Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
NA
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

250 jobs
Number of planned job losses
Job loss
Announcement Date
18 January 2011
Employment effect (start)
Foreseen end date
31 December 2011

Description

Strabag, the biggest Austrian building company, is to start restructuring which will result in the loss of 250 jobs out of 2,500 across the Czech Republic. The job losses which will be implemented throughout 2011 are blamed on decline in orders. Seasonal workers should be the first affected. Strabag Group was the first major construction company operating cross-border in Europe and currently employs approximately 60,000 people.


Sources

  • 18 January 2011: Lidové Noviny

Citation

Eurofound (2011), Strabag, Internal restructuring in Czechia, factsheet number 71442, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71442.