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.
Vodafone, the smallest domestic mobile operator (headquartered in London), is to cut 218 jobs (roughly 10% of staff in Czech Republic) by mid-April 2013.
According to the management the company will undergo restructuring in order to boost efficiency. The job cuts will include managerial positions as well.
All redundant employees will be paid severance pay in accordance with their collective agreements. Severance pay is based on years of service and ranges from 3 to 13 average wages. They will be also given the opportunity to use the services of professional advisors.
Eurofound (2013), Vodafone, Internal restructuring in Czechia, factsheet number 74868, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74868.
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