Restructuring events
European Restructuring Monitor (ERM)
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.
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.
Eurofound (2012), OHL ZS, Internal restructuring in Czechia, factsheet number 73139, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73139.