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.
The Czech Škoda Auto has announced plans to reduce its workforce by 15 percent (i.e. 5,550 job positions) in the Czech Republic over a three-year period in order to maintain competitiveness. The company currently employs 37,000 people in the Czech Republic.
The reduction of jobs is to concern the non-production sector and is to take place in the form of so-called natural demographic fluctuation. The company will not fill positions left vacant by employees who retire.
This year, the automaker's goal is to sell one million cars, which would represent 8 percent year-on-year increase. India is currently the company's fastest-growing market and is expected to play a key role in the company's international expansion. Škoda is now producing the compact SUV Kylaq for the Indian market, which accounts for almost half of all car sales in the country.
A recent restructuring event of Škoda Auto in Czechia can be found here: Škoda Auto 2024 - CZ
Eurofound (2025), Škoda Auto, Internal restructuring in Czechia, factsheet number 202433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202433.