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.
Vítkovice Steel, the third largest Czech steel company, has announced the closure of its steel mill at the Ostrava site, which will result in the termination of over 300 jobs by the end of 2015. Depending on the career length, redundant workers can get an average severance pay of CZK 450 thousand (16 540 EUR). At present, the firm employs around 1,100 people.
Eurofound (2015), Vítkovice Steel, Closure in Czechia, factsheet number 84957, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84957.