EMCC European Monitoring Centre on Change

ŽDB Group

Company/Organisation:
ŽDB Group

Geographic Location

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

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.5 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy
Number Employed: 2175

Employment Effects

Announcement Date: 21-11-2011
Planned Job Reductions min: 160
Planned Job Reductions max: 160
Type of Restructuring: Closure
Employment Effect Start: 21-11-2011
Foreseen End Date: 31-03-2012
Direct Dismissals: 160

Additional Information

ŽDB Group, a Czech metallurgical company located in Bohumín, has closed its rolling mill and will dismiss all 160 workers due to a financial loss amounting to CZK 360 million (EUR 14.4 million) over the past couple of years. The redundany procedure is expected to be concluded by March 2012. Currently, the firm employs a total of 2,175 workers.

Trade unions have maintained strike readiness since the end of October in order to fulfill collective agreement. The management of the company has announced its plan to divide the whole group into various independent units as of January 2012. 

Sources:

21-11-2011Finanční noviny