Austrian Strabag plans to cut 10% of staff in Czech Republic.

By bne IntelliNews January 19, 2011
Austrian construction company Strabag plans to reduce the number of its employees in the Czech Republic by at least 10%, as it seeks to cut costs and improve performance, Strabag representative Jaroslav Katzer told E15 daily. Falling orders and expected decline in the local construction sector are the reasons for the dismissals. Katzer said that between 10% and 15% of the 2,500 Strabag employees will be laid off. Strabags main competitors on the local market - Skanska, Hochtief and Metrostav, have already reduced their staff. Strabags Czech unit reported a net profit of CZK 516.4mn in 2009 on CZK 17.9bn revenues. The companys 2010 financials will be released in February.

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss