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.
Rail cargo operator CD Cargo is to cut 400 jobs in the next few weeks. Layoffs are reported to affect primarily the company’s technical and service units, while administrative jobs are not to be cut.
The restructuring is part of the company’s plan to increase efficiency. It reported a large operative deficit in 2013 so far.
Trade unionists have been informed of the plan. They claim that deficits are due to mistakes by management and that the direct layoffs are in violation of social dialogue.
CD Cargo is a subsidiary of the state-owned rail operator Ceske Drahy (CD). The company has been cutting jobs for over a year (see CD Cargo 2012). According to insiders, CD Cargo is to dismiss some additional 1,600 workers in the future.
Update 15/01/2014: Czech freight rail carrier ?D Cargo has announced that it will dismiss 379 workers (instead of 400) by the end of March 2014 across the country.
Eurofound (2013), CD Cargo, Internal restructuring in Czechia, factsheet number 76107, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76107.