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.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05 - Mining of coal and lignite
231 jobs Number of planned job losses
Announcement Date
23 September 2014
Employment effect (start)
23 September 2014
Foreseen end date
31 December 2014
Description
Czech coal mining firm Severoceske Doly (SD), owned by CEZ, has announced that it will make 350 people redundant by the end of 2014 due to increasing energy and maintenance costs. The dismissals will affect two mines at Kadan (Tusimice) and Bilina. The Board of Directors approved the organizational changes at its meeting at the end of August 2014 as part of reducing the company´s costs by 17%. At the end of 2013, SD employed 3,257 people in the two coal mines and a further 2,000 in its subsidiaries.
Updated, 15-12-2014: As reported, SD is to make redundant 231 people by the end of 2014. The company currently employs 2,923 staff.
Sources
15 December 2014: Teplický deník
23 September 2014: Chomutovský deník
Citation
Eurofound (2014), Severoceske Doly (SD), Internal restructuring in Czechia, factsheet number 77641, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77641.
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