EMCC European Monitoring Centre on Change

ZSSK

Company/Organisation:
ZSSK

Geographic Location

Country: Slovakia

Company

Sector: Transportation / storage
Transportation and storage
49 - Land transport and transport via pipelines
Number Employed: 4900

Employment Effects

Announcement Date: 03-03-2011
Planned Job Reductions min: 231
Planned Job Reductions max: 231
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-04-2011
Foreseen End Date: 31-05-2011
Direct Dismissals: 231

Additional Information

Železnična spoločnosť Slovensko (ZSSK), a public passenger transport railway company, will dismiss 231 out of 4,900 employees till the end of May 2011. Dismissals are attributed to the implementation of the recovery plan for railways. The job cuts will reduce the operation costs by about € 880,000 in 2011. Transport on several dozens of scheduled lines will be reduced and some regional lines will be even terminated.