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 Fabricated Metal Products, Except Machinery And Equipment 25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
500 jobs Number of planned job losses
Announcement Date
12 May 2009
Employment effect (start)
Foreseen end date
30 September 2009
Description
ŽDB Group, a Czech metallurgical company has announced to cut 500 out of 2,500 jobs by the end of September 2009 due to a sharp fall in customer orders. The company has reported that about 500 jobs have been already lost since January 2009 as a consequence of the global crisis. Trade unions are ready to call a protest meeting against further dismissals.
Sources
12 May 2009: Právo-Severní Morava
Citation
Eurofound (2009), ŽDB Group, Internal restructuring in Czechia, factsheet number 68926, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68926.
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