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 Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.39 - Other passenger land transport n.e.c.
800 jobs Number of planned job losses
Announcement Date
26 July 2007
Employment effect (start)
Foreseen end date
31 December 2007
Description
Prague City Traffic Company, an organization that operates public transport in Prague, is to cut 800 jobs before the end of 2008. The job cuts are part of a restructuring operation that aims to save 350 million CZK a year. The company has recently been affected by rising transport costs in Prague and subsequently needs to cut costs. The majority of redundancies are likely to affect staff in office functions. The number of drivers employed by the organization may even increase. Prague City Traffic Company employs 12,600.
Sources
26 July 2007: Sondy
Citation
Eurofound (2007), Prague Public Transport Company, Internal restructuring in Czechia, factsheet number 65780, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65780.
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