Type
Internal restructuring
Country
Czechia
Region
Location of affected unit(s)
Sector
Transportation / Storage
Land, Water And Air Transportation
Land Transport And Transport Via Pipelines
49 - Land transport and transport via pipelines

350 jobs
Number of planned job losses
Job loss
Announcement Date
24 February 2010
Employment effect (start)
Foreseen end date
31 December 2010

Description

ČD Cargo, a freight transport subsidiary of the České dráhy (the state-owned railway company of the Czech Republic) has announced a further 350 job cuts out of 9,860 by the end of 2010. Dismissed workers may be given a generous severance pay amounting up to CZK 100,000 (EUR 3,860) according to length of employment. In 2009, the company implemented 1,500 redundancies (see related fact sheet 14588).


Sources

  • 24 February 2010: Hospodárske noviny

Citation

Eurofound (2010), ČD Cargo, Internal restructuring in Czechia, factsheet number 70206, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70206.