Czech railway operator CD suffers EUR 2.9mn loss due to strike.

By bne IntelliNews June 17, 2011
State-owned railway operator Ceske Drahy (CD) said it lost CZK 70mn in revenue due to the June 16 transport strike, CD spokesman Petr Stahlavsky told CTK newswire. The damage includes uncollected fares and fees and eventual costs the company might have to pay for interrupted transport. The loss suffered by state-run freight railway operator CD Cargo due to the strike is estimated at CZK 57mn, company spokesman Roman Jandik said. We remind that Czech transport unions staged a one-day strike on June 16 to protest governments plans to reform the pension, healthcare and tax systems. The strike, the biggest transportation protest so far, closed the country's railway network and the Prague underground for the first time in history. The unions want the government to withdraw the reform bills as they envisage the cancelling of various state-funded employee benefits as part of the budget cuts and raising the retirement age.

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