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.
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.41 - Manufacture of metal forming machinery
300 jobs Number of planned job losses
Announcement Date
30 September 2015
Employment effect (start)
Foreseen end date
31 December 2015
Description
VÃtkovice 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.
Sources
30 September 2015: MF Dnes
30 September 2015: Hospodárske noviny
Citation
Eurofound (2015), VÃtkovice Steel, Internal restructuring in Czechia, factsheet number 84957, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84957.
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