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 Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
200 jobs Number of planned job losses
Announcement Date
16 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 March 2012
Description
Evraz Vítkovice Steel (EVS), the third largest Czech steel company, is to dismiss 200 employees, roughly 14 percent of its total labour force. The redundancies are to be implemented in the first quarter of 2012 due to the loss of orders.
Trade unions are reported to try to ensure the highest possible compensation for the redundant workers. The trade unions' aim is a compensation level of up to 15 wages depending on the number of work years.
The firm, which has been part of Russia's Evraz Group since 2005, employs 1,400 people.
Sources
16 December 2011: Patria Online
16 December 2011: Lidové Noviny
Citation
Eurofound (2011), Evraz Vítkovice Steel, Internal restructuring in Czechia, factsheet number 72894, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72894.
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