The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Mining Of Coal And Lignite 05.10 - Mining of hard coal
250 - 350 jobs Number of planned job losses
Announcement Date
28 November 2019
Employment effect (start)
28 November 2019
Foreseen end date
31 December 2023
Description
OKD, a Czech mining company, has announced the termination of its mining activities in Lazy Mine, Orlová, leading to 250 job losses in 2020. By the end of 2023, however, the company will keep 100 of the 350 current employees in the Lazy Mine plant for liquidation processing and other surface-related services. According to the company's management, the redundant workers will either retire or be transferred to other operations.
The restructuring occurs after almost 130 years due to non-profitability and non-sustainability. Other mines are also expected to be gradually phased out, but the timetable of its closing is not yet known.
The OKD mining company, which currently employs 6,300 workers, is the only producer of black coal in the country, whose production was 4.62 million tons in 2018.
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