Type
Internal restructuring
Country
Czechia
Region
Moravskoslezsko; Moravskoslezsky;
Location of affected unit(s)
Karviná
Sector
Mining / Quarrying
Mining And Quarrying
Mining Of Coal And Lignite
05 - Mining of coal and lignite

800 jobs
Number of planned job losses
Job loss
Announcement Date
12 February 2015
Employment effect (start)
30 April 2015
Foreseen end date
31 December 2015

Description

Czech coal mining company OKD has announced 800 redundancies during 2015 due to the low coal prices on world markets that have caused a steady decline in OKD's output by one million tons. The first 300 workers will be dismissed by the end of April 2015. The remaining redundant employees (500) will leave the company through natural attrition (retirement).


Sources

  • 12 February 2015: Právo

Citation

Eurofound (2015), OKD, Internal restructuring in Czechia, factsheet number 78477, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78477.