EMCC European Monitoring Centre on Change

Evraz Vítkovice Steel

Company/Organisation:
Evraz Vítkovice Steel

Geographic Location

Country: Czechia
Region: Moravskoslezsky; Moravskoslezsko
Location of affected unit(s): Ostrava

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 1400
Group: Evraz Group

Employment Effects

Announcement Date: 16-12-2011
Planned Job Reductions min: 200
Planned Job Reductions max: 200
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2012
Foreseen End Date: 31-03-2012

Additional Information

Evraz Vítkovice Steel (EVS), the third largest Czech steel company, is to dismiss 200 employees, roughly 14 percent of its total labour force. The redundancies are to be implemented in the first quarter of 2012 due to the loss of orders.

Trade unions are reported to try to ensure the highest possible compensation for the redundant workers. The trade unions' aim is a compensation level of up to 15 wages depending on the number of work years.

The firm, which has been part of Russia´s Evraz Group since 2005, employs 1,400 people.