Restructuring events
European Restructuring Monitor (ERM)
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.
Czech energy giant CEZ announced a restructuring plan resulting in some 300 job cuts starting from 1 April 2011. Accountants from regional departments will make up the majority of the dismissed personnel, because CEZ plans to centralise accounting activities in the city of Ostrava. The company is to offer the dismissed workers consulting services and retraining courses, amounting to CZK 8,000 (EUR 320) per person. CEZ group is one of the largest employers in the Czech Republic. The firm currently employs some 20,000 people and a further 13,000 abroad.
Eurofound (2011), ČEZ, Internal restructuring in Czechia, factsheet number 71414, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71414.