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.
Financial Services Financial And Insurance Activities 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
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.
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