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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.24 - Cargo Handling
420 jobs Number of planned job losses
Announcement Date
17 December 2024
Employment effect (start)
1 January 2025
Foreseen end date
30 June 2025
Description
The largest rail freight carrier, ČD Cargo, will lay off 420 employees in the coming months. The layoffs will affect multiple professions in operation, from train drivers to shunter workers.
According to the company, the reason is the decline in the market, especially in the transportation of coal and wood.
The company's management has already informed the trade unions. The laid-off employees could find employment, for example, at the parent company Czech Railways, as passenger carriers have long reported a shortage of personnel, especially train drivers. Discussions about possible job opportunities with regional employment offices are also underway.
ČD Cargo is a subsidiary of the state-owned rail operator České dráhy (ČD) and currently employs about 6,550 people across the Czech Republic.
Sources
17 December 2024: https://zdopravy.cz/ (zdopravy.cz)
Citation
Eurofound (2024), ČD Cargo, Internal restructuring in Czechia, factsheet number 202116, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/202116.
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