Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Prague
Sector
Transportation / Storage
Land, Water And Air Transportation
Air Transport
51 - Air transport

860 jobs
Number of planned job losses
Job loss
Announcement Date
4 August 2009
Employment effect (start)
1 September 2009
Foreseen end date
31 March 2010

Description

Czech airline company ČSA has announced its intention to cut up to 860 jobs out of 4,600 due to a sharp decline in the number of passengers. The job losses will occur in the period of September 2009 and March 2010. The financial loss is estimated to 1.3 billion CZK in the first quarter of 2009.


Sources

  • 4 August 2009: Hospodárske noviny

Citation

Eurofound (2009), České aerolinie (ČSA) Czech airline, Internal restructuring in Czechia, factsheet number 69343, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69343.