Type
Internal restructuring
Country
Czechia
Region
Jihovychod; Jihomoravsky;
Location of affected unit(s)
Brno
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Civil Engineering
42 - Civil engineering

100 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
15 February 2012
Employment effect (start)
16 February 2012
Foreseen end date
31 December 2012

Description

OHL ZS, a Czech construction company located in Brno, has announced between 100 and 200 redundancies in 2012. This follows 400 layoffs in 2011.

According to the company, reasons behind the workforce reduction are governmental cost savings programmes and the impact of the financial crisis. OHL ZS' revenues dropped from CZK 10.50 billion in 2010 to CZK 9 billion in 2011.

OHL ZS currently employs 1,600 people.


Sources

  • 15 February 2012: Finanční noviny

Citation

Eurofound (2012), OHL ZS, Internal restructuring in Czechia, factsheet number 73139, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73139.