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 Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
350 jobs Number of planned job losses
Announcement Date
8 January 2009
Employment effect (start)
Foreseen end date
Description
ArcelorMittal Ostrava, a subsidiary of the world's largest steel producer, has announced up to 350 job cuts out of a total 10,300 jobs in the Czech due to the global financial crisis. About 264 jobs will be lost at the Ostrava site while the remainder of the job losses will occur in other Czech sites. Employees in administrative-related functions will be the most affected by the restructuring. The company has already prepared a package of social and financial aid for laid-off workers. Those workers who leave the company on voluntary basis will be given up to 12 average monthly wages. There is no information on when the job cuts are to be implemented by. Republic
Sources
8 January 2009: Hospodárske noviny
Citation
Eurofound (2009), Arcelor Mittal, Internal restructuring in Czechia, factsheet number 67764, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67764.
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