EMCC European Monitoring Centre on Change

Okin BPS

Company/Organisation:
Okin BPS

Geographic Location

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

Company

Sector: Information / communication
IT and other information services
63.11 - Data processing, hosting and related activities
Number Employed: 1200

Employment Effects

Announcement Date: 07-07-2020
Planned Job Reductions min: 505
Type of Restructuring: Internal restructuring
Employment Effect Start: 31-08-2020
Foreseen End Date: 28-02-2021
Direct Dismissals: 505

Additional Information

Okin BPS, a digital technology solutions provider, will lay off 505 employees in Ostrava due to the cancellation of a contract for IT outsourcing with US telecommunications company Verizon that decided to move services to Asia. Verizon is reportedly moving the outsourcing out of Europe entirely.
The company's statutory director Michal Jelínek stated that 206 employees would terminate their employment on 31 August, and another 299 people would leave the company by the end of February 2021. The company currently employs around 1,200 people.
Okin BPS is a provider of services for companies such as sales network support, creation of technical solutions and provision of technical support and multilingual customer support.