Internal restructuring
Moravskoslezsko; Moravskoslezsky;
Location of affected unit(s)
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05.10 - Mining of hard coal

250 jobs
Number of planned job losses
Job loss
Announcement Date
29 June 2013
Employment effect (start)
1 September 2013
Foreseen end date


OKD, a Czech black coal extraction firm, has announced a reduction in headcount of 250 from a total of 13,000 staff, starting in September 2013, due to adverse economic situation.

The sales price of coal is in fact currently lower than operating costs. The company is owned by New World Resources (NWR) which recorded a net loss of EUR 80 million in the first quarter of 2013.

The job cuts will affect mainly technical and administrative personnel. The redundant employees who worked in the company for more than two years will receive severance pay equal to seven monthly wages. It was reported that about 1,500 employees at supply companies are also awaiting notices, but no details were published.

For previous restructuring cases see OKD 2009(1) OKD 2009 (2).


  • 29 June 2013: MF Dnes


Eurofound (2013), OKD, Internal restructuring in Czechia, factsheet number 75640, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75640.