EMCC European Monitoring Centre on Change

Železnice Slovenskej republiky

Company/Organisation:
Železnice Slovenskej republiky

Geographic Location

Country: Slovakia

Company

Sector: Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed: 20970

Employment Effects

Announcement Date: 12-05-2005
Planned Job Reductions min: 2105
Planned Job Reductions max: 2105
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2005
Foreseen End Date: 31-12-2005
Direct Dismissals: 634

Additional Information

Slovak Railways dismissed 2105 employees in 2005. That was more (by 673 employees)than the management had originally planned. The dismissals decreased the annual labour cost of the company by SKK 113 million. Employment in Railways was reduced to 19,663 employees by the end of 2005. According to the company management further staff reduction is foreseen in 2006-7. In 2004, Slovak Railways had already reduced their staff by 1,136 employees. Already then, the dismissals exceeded the original the plan which forsaw only 723 redundancies.