EMCC European Monitoring Centre on Change

Pilsen Steel

Company/Organisation:
Pilsen Steel

Geographic Location

Country: Czech Republic
Region: Plzensky; Jihozapad
Location of affected unit(s): Plzeň

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.52 - Casting of steel
Number Employed: 524

Employment Effects

Announcement Date: 03-01-2020
Planned Job Reductions min: 477
Type of Restructuring: Bankruptcy
Foreseen End Date: 31-03-2020
Direct Dismissals: 477

Additional Information

Pilsen Steel, a Czech steel mill, is to dismiss 477 people by the end of March 2020. The company has been declared bankrupt and production has been stopped from January 2019. About 47 people will stay at the site, of which one blue-collar worker and the rest from administration. 
According to available information, a strategic manufacturing partner from industry should buy the company. The redundancies are said to be linked to a decision of the new business owner who is not yet known.

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