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.
Mining company OKD intends to lay-off 345 people at the end of June 2016. According to the trade union leader Jaromir Pytlik, about 250 workers want to end employment by mutual consent. The employees who will terminate employment by agreement and have been working for the company for at least two years are to receive severance pays equalling six times the amount of their wages (around EUR 7.400 on average).
OKD is going to lay-off employees from all its plants, which means that it does not have to announce a social programme. This programme has to be announced if over 200 employees from a single plant are dismissed.
OKD currently employs about 9,800 core employees.
Besides OKD employees, thousands of jobs in related professions are endangered.
The Czech government is willing to step in to help dismissed workers.
Eurofound (2016), OKD, Internal restructuring in Czechia, factsheet number 86872, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86872.
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