Company/Organisation:
Aero Vodochody
Geographic Location
Country:
Czechia
Region:
Stredocesky; Stredni Cechy
Location of affected unit(s):
Vodochody
Company
Sector:
Manufacturing
Manufacture of transport equipment
30 - Manufacture of other transport equipment
Number Employed:
1644
Group:
Penta Group
Employment Effects
Announcement Date:
31-01-2007
Planned Job Reductions min:
450
Planned Job Reductions max:
450
Type of Restructuring:
Merger/Acquisition
Foreseen End Date:
31-08-2007
Direct Dismissals:
450
Additional Information
Penta Group, a new owner of Aero Vodochody – Czech military and civilian aircraft producer, decided to minimize production losses amounting to CZK 9.2 billion and proceed to workforce reduction involving 450 people out of a total 1,644 employees by the end of August 2007. Notices are expected to be given namely to technical and administrative staff.
Sources:
31-01-2007Hospodárske noviny
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