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.
(10 - 33) Manufacturing (24 - 25) Manufacture of metals 24.1 - Manufacture of basic iron and steel and of ferro-alloys 24.1 - Manufacture of basic iron and steel and of ferro-alloys
417 jobs Number of planned job losses
Announcement Date
7 July 2009
Employment effect (start)
1 January 2009
Foreseen end date
31 July 2009
Description
Z-group, a Czech producer of iron and steel, is to cut a further 53 jobs by the end of July 2009 due to a sharp decline in customer orders. Since the beginning of 2009, the company has already made 364 employees redundant. Z-group operates at 4 plants and before restructuring employed over 1,100 people.
Sources
7 July 2009: Hospodárske noviny
Citation
Eurofound (2009), Z-group, Internal restructuring in Czechia, factsheet number 69285, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69285.
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