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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture Of Motor Vehicles
New offshoring locations
India
200 jobs Number of planned job losses
Announcement Date
23 May 2024
Employment effect (start)
31 December 2024
Foreseen end date
Description
Traditional Czech tractor manufacturer Zetor Tractors, based in Brno, will lay off 160 people from a total of 300 employees at the end of July 2024.
The main reasons for the mass layoffs are changes to the production programme that are planned for 2025. The layoffs will affect both blue-collar and office positions. Zetor Tractors will cease production of its own engines and transmissions. Work activities such as development, marketing, sales and tractor assembly for Europe and the United States will remain at the Brno plant.
In addition to statutory severance pay, the laid-off employees will receive increased severance pay according to the collective agreement. They will be provided with job search assistance, developing a CV, organising a meeting with the employment office and HR professionals from other companies within Brno.
Update 25/07/2024
Zetor Tractors has announced an expansion to its restructuring plan, meaning that it will lay off a total of 200 people by the end of 2024 instead of the initial 160 announced, and move production to India.
Eurofound (2024), Zetor Tractors, Offshoring/Delocalisation in Czechia, factsheet number 201209, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201209.
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