EMCC European Monitoring Centre on Change

Zetor

Company/Organisation:
Zetor

Geographic Location

Country: Czechia
Region: Jihomoravsky; Jihovychod
Location of affected unit(s): Brno

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 850

Employment Effects

Announcement Date: 16-11-2009
Planned Job Reductions min: 185
Planned Job Reductions max: 185
Type of Restructuring: Internal restructuring

Additional Information

Zetor, a traditional Czech manufacturer of tractors, is to cut 185 jobs out of 850 due to the global economic crisis. Zetor has been facing economic difficulty (loss of CZK 32 million in 2008) since early 2009 and has already dismissed 150 employees. As of November 2009, there is no information on when planned job losses are to be implemented by.