EMCC European Monitoring Centre on Change

ZKL Group

Company/Organisation:
ZKL Group

Geographic Location

Country: Czechia

Company

Sector: Manufacturing
Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
Number Employed: 1200

Employment Effects

Announcement Date: 12-01-2009
Planned Job Reductions min: 120
Planned Job Reductions max: 120
Type of Restructuring: Internal restructuring
Foreseen End Date: 31-12-2009

Additional Information

ZKL Group, the leading Czech producer of bearings, has announced that it is to cut 120 jobs (out of a total of 1,200 jobs) by the end of 2009. The job losses are attributed to the sharp decline in customer orders. The company has several manufacturing and commercial sites in the Czech Republic.