Avast Software

Type
Merger/Acquisition
Country
Czechia
Region
Česko;
Location of affected unit(s)
Prague, Brno
Sector
Information / Computing
63 - Computing infrastructure, data processing, hosting and other information service activities
63.1 - Computing infrastructure, data processing, hosting and related activities
63.10 - Computing infrastructure, data processing, hosting and related activities
300 jobs
Number of planned job losses
Job loss
Announcement Date
22 November 2016
Employment effect (start)
Foreseen end date
31 March 2017

Description

Czech IT company Avast Software plans to dismiss around 300 people or 25% of the staff in the Czech Republic in the next few months. Following a recent merging with the rival AVG, the firm has become the world leader in antivirus software.

People who will be made redundant will get severance pay beyond legal requirements and also help in finding a future career.

Globally, Avast is planning to make redundancies of around 700 people worldwide.

Sources

  • 22 November 2016: Hospodárske noviny

Citation

Eurofound (2016), Avast Software, Merger/Acquisition in Czechia, factsheet number 89289, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89289.