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.
Evraz Vítkovice Steel (EVS), the third largest Czech steel company, is to dismiss 200 employees, roughly 14 percent of its total labour force. The redundancies are to be implemented in the first quarter of 2012 due to the loss of orders.
Trade unions are reported to try to ensure the highest possible compensation for the redundant workers. The trade unions' aim is a compensation level of up to 15 wages depending on the number of work years.
The firm, which has been part of Russia's Evraz Group since 2005, employs 1,400 people.
Eurofound (2011), Evraz Vítkovice Steel, Internal restructuring in Czechia, factsheet number 72894, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72894.