EMCC European Monitoring Centre on Change

Vítkovice Steel

Vítkovice Steel

Geographic Location

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


Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28.41 - Manufacture of metal forming machinery
Number Employed: 1100
Group: Evraz Group

Employment Effects

Announcement Date: 30-09-2015
Planned Job Reductions min: 300
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2015

Additional Information

Vítkovice Steel, the third largest Czech steel company, has announced the closure of its steel mill at the Ostrava site, which will result in the termination of over 300 jobs by the end of 2015.  Depending on the career length, redundant workers can get an average severance pay of CZK 450 thousand (16 540 EUR).  At present, the firm employs around 1,100 people.