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

700 jobs
Number of planned job losses
Job loss
Announcement Date
24 November 2016
Employment effect (start)
29 November 2016
Foreseen end date
31 March 2017


Mining company OKD has announced to close its Paskov mine by the end of March 2017 and to dismiss about 700 employees out of the 1,600 staff. The company filed for bankruptcy in May 2016 and creditors approved the restructuring plan. Most employees will be transferred to other mines within OKD. About 150 workers want to end employment by mutual consent. The remaining 550 workers who get notices will receive severance pays equalling seven times the amount of their wages. The mine was not closed earlier because of a lack of finances to pay compensation for dismissed workers. The State has already lent the company CZK 700 million (EUR 26 million). Ministry of Labour and Social Affairs prepared a social program including a social contribution of up to CZK 8,000 (EUR 296) per month for up to 5 years.

OKD currently employs a total of 9,700 core workers.


  • 24 November 2016: Právo
  • 29 November 2016: České noviny


Eurofound (2016), OKD, Internal restructuring in Czechia, factsheet number 89646, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89646.