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 (24 - 25) Manufacture of metals 24.5 - Casting of metals 24.52 - Casting of steel
157 jobs Number of planned job losses
Announcement Date
20 November 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
EVRAZ VÍTKOVICE STEEL, the largest Czech manufacturer of rolling steel products based in Ostrava, has announced 157 job cuts to be implemented by the end of 2008 due to the decline of customer orders. The company is part of the Russian Evraz Group and currently employs 1,600 people.
Sources
20 November 2008: Právo - Severní Morava
Citation
Eurofound (2008), EVRAZ VÍTKOVICE STEEL, Internal restructuring in Czechia, factsheet number 67493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67493.