EMCC European Monitoring Centre on Change

Z-group

Company/Organisation:
Z-group

Geographic Location

Country: Czechia

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys
Number Employed: 1177

Employment Effects

Announcement Date: 07-07-2009
Planned Job Reductions min: 417
Planned Job Reductions max: 417
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2009
Foreseen End Date: 31-07-2009

Additional Information

Z-group, a Czech producer of iron and steel, is to cut a further 53 jobs by the end of July 2009 due to a sharp decline in customer orders. Since the beginning of 2009, the company has already made 364 employees redundant. Z-group operates at 4 plants and before restructuring employed over 1,100 people.