Zetor

Type
Internal restructuring
Country
Czechia
Region
Jihovychod; Jihomoravsky;
Location of affected unit(s)
Brno
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28 - Manufacture of machinery and equipment n.e.c.
185 jobs
Number of planned job losses
Job loss
Announcement Date
16 November 2009
Employment effect (start)
Foreseen end date

Description

Zetor, a traditional Czech manufacturer of tractors, is to cut 185 jobs out of 850 due to the global economic crisis. Zetor has been facing economic difficulty (loss of CZK 32 million in 2008) since early 2009 and has already dismissed 150 employees. As of November 2009, there is no information on when planned job losses are to be implemented by.

Sources

  • 16 November 2009: Hospodárske noviny

Citation

Eurofound (2009), Zetor, Internal restructuring in Czechia, factsheet number 69827, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69827.