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.
Škoda Auto, the Czech car manufacturer, has announced up to 4,000 jobs cuts among temporary agency workers. This is due to a decline in customer orders facing the global financial crisis. 1,500 workers are reported to have already left the company. As of December 2008, there is no information on when the further 2,500 job cuts will be implemented by.
Škoda auto currently employs about 19,500 permanent workers. The company has recently launched output limitation resulting in the fact that one third of employees will have only a four-day workweek.
For further information, see the EIRO report.
Eurofound (2008), Škoda Auto, Internal restructuring in Czechia, factsheet number 67661, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67661.
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