Type
Internal restructuring
Country
Slovakia
Region
Location of affected unit(s)
Slovakia
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

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

Description

Cargo Slovakia, a public freight railway company, will proceed with its internal restructuring. In addition to the already dismissed 1,224 employees up to the end of September 2011, the cut of a further 597 jobs by the end of 2011 has been announced.

It is reported that the dismissals will mainly proceed by natural attrition and voluntary departures.


Sources

  • 18 October 2011: SME

Citation

Eurofound (2011), Cargo Slovakia (ZSSK Cargo), Internal restructuring in Slovakia, factsheet number 72645, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72645.