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.
OKD, a Czech mining company, has announced the termination of its mining activities in Lazy Mine, Orlová, leading to 250 job losses in 2020. By the end of 2023, however, the company will keep 100 of the 350 current employees in the Lazy Mine plant for liquidation processing and other surface-related services. According to the company's management, the redundant workers will either retire or be transferred to other operations.
The restructuring occurs after almost 130 years due to non-profitability and non-sustainability. Other mines are also expected to be gradually phased out, but the timetable of its closing is not yet known.
The OKD mining company, which currently employs 6,300 workers, is the only producer of black coal in the country, whose production was 4.62 million tons in 2018.
Eurofound (2019), Lazy Mine, Closure in Czechia, factsheet number 99228, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99228.