EMCC European Monitoring Centre on Change

České Dráhy (Czech Railways)

Company/Organisation:
České Dráhy (Czech Railways)

Geographic Location

Country: Czechia

Company

Sector: Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed: 53000

Employment Effects

Announcement Date: 20-12-2007
Planned Job Reductions min: 4000
Planned Job Reductions max: 4000
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

České Dráhy (Czech Railways), the largest state-owned company and the biggest Czech employer, is to cut approximately 4,000 jobs by the end of 2009. The government has approved a social plan allocating 684 million CZK to compensate for the expected redundancies. The company currently employs about 53,000 people.

Background information on the restructuring in České Dráhy is available on the European Industrial Relations Observatory (EIRO).