EMCC European Monitoring Centre on Change

Aero Vodochody

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.