VZP ČR

Type
Internal restructuring
Country
Czechia
Region
Česko;
Location of affected unit(s)
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
65 - Insurance, reinsurance and pension funding, except compulsory social security
150 jobs
Number of planned job losses
Job loss
Announcement Date
14 January 2011
Employment effect (start)
31 March 2011
Foreseen end date

Description

Health insurance company VZP ČR has announced that it is to cut 150 jobs out of a total 4,500 staff across the Czech Republic. The workforce reduction is to begin in early 2011 and about 10% of the personnel at Prague's headquarters will be the first to be affected. According to company spokesman Jiří Rod, regional departments of the company have been reducing the number of employees since 2009. Approximately a total of 670 employees are to be dismissed between 2009 and 2013.

Sources

Citation

Eurofound (2011), VZP ČR, Internal restructuring in Czechia, factsheet number 71559, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71559.