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.
?D Cargo, a Czech freight rail carrier, is to make over 100 employees redundant by the end of 2011. The job cuts both affect the headquarter of the company and operations.
As reasons for the cuts is given the need to adapt the economic situation of the firm to the global business prospects in 2012. Currently, the company employs roughly 9,200 people.
?D Cargo has cut many jobs since the beginning of the economic crisis. 350 jobs were cut in 2010 (see factsheet 15132) and about 1500 jobs in 2009 (see factsheets 14588 and 11351).
Eurofound (2011), ČD Cargo, Internal restructuring in Czechia, factsheet number 72806, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72806.