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.
With reference to results obtained in personnel audit, Czech Ministry of Finance announced its intention to reduce the current staff from 1,473 to 1,221 employees by the end 2006.
The restructuring plan aimed at enhancing effectiveness will bring about 100 million CZK of annually wage costs savings. One half of the savings will be used for remaining staff salaries and the other one will go back to the state budget.
Eurofound (2005), Ministerstvo financí ČR (Ministry of Finance of the Czech Republic), Internal restructuring in Czechia, factsheet number 61922, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61922.
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