ČD Cargo

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
100 jobs
Number of planned job losses
Job loss
Announcement Date
24 November 2011
Employment effect (start)
Foreseen end date
31 December 2011

Description

?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).

Sources

  • 24 November 2011: Deník

Citation

Eurofound (2011), ČD Cargo, Internal restructuring in Czechia, factsheet number 72806, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72806.