Type
Internal restructuring
Country
Czechia
Region
Jihovychod; Jihomoravsky;
Location of affected unit(s)
Hodonín
Sector
Mining / Quarrying
Mining And Quarrying
Extraction Of Crude Petroleum And Natural Gas
06 - Extraction of crude petroleum and natural gas

80 jobs
Number of planned job losses
Job loss
Announcement Date
27 April 2016
Employment effect (start)
Foreseen end date
31 December 2016

Description

The mining company MND, based in Hodonin, will cut over 80 jobs (i.e. 20% of its 400 staff) by the end of 2016 due to the decline in oil and gas extraction and investment restrictions for new wells, as a result of the drop in oil prices on global markets. According to the MND spokeswoman, Dana Dvorakova, the company arranged advantageous conditions for laid-off workers. Trade unions do not criticize the procedure


Sources

  • 27 April 2016: MF Dnes

Citation

Eurofound (2016), MND, Internal restructuring in Czechia, factsheet number 87476, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87476.