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 - Manufacture of motor vehicles, trailers and semi-trailers
1,400 jobs Number of planned job losses
Announcement Date
24 July 2008
Employment effect (start)
24 July 2008
Foreseen end date
31 March 2009
Description
The Czech vehicle manufacturer Tatra has announced a wide cost-reduction plan resulting in a total of 1,400 job losses at the Kopřivnice plant due to the global financial crisis and the fall in customer orders. The company has already dismissed 500 employees in 2008 and the remaining 900 workers (instead of 320 workers that were previously reported) are leaving the plant by the end of March 2009. It was reported that the total number of staff employed at the plant before the restructuring was approximately 4,400.
Sources
22 December 2008: Hospodárske noviny
25 November 2008: Hospodárske noviny
24 July 2008: Hospodárske noviny
Citation
Eurofound (2008), Tatra, Internal restructuring in Czechia, factsheet number 66906, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66906.
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