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 Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
477 jobs Number of planned job losses
Announcement Date
3 January 2020
Employment effect (start)
Foreseen end date
31 March 2020
Description
Pilsen Steel, a Czech steel mill, is to dismiss 477 people by the end of March 2020. The company has been declared bankrupt and production has been stopped from January 2019. About 47 people will stay at the site, of which one blue-collar worker and the rest from administration. According to available information, a strategic manufacturing partner from industry should buy the company. The redundancies are said to be linked to a decision of the new business owner who is not yet known.
Eurofound (2020), Pilsen Steel, Bankruptcy in Czechia, factsheet number 99532, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99532.
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