Metallurgy firms cut wage lists
Article Abstract:
Czech Republic: According to the plan of the Ministry of Industry and Trade (MIT) on the restructuring of the Czech steel industry, about 6 mil t of steel per year should be produced in 2010. The metallurgy industry should have less than 25,000 employees in 2010 compared to about 43,000 in 2001. About 8,000 employees left the sector in 2000. The metallurgy industry produced about 6.215 mil t of crude steel in 2000, 10% more compared to 5.616 mil t in 1999. According to MIT, nearly CEK 72 bil should be spent on the restructuring of all the sector by 2010. CEK 32.6 bil of the sum should be invested in technical equipment and technology, CEK 1.8 bil in research and development and CEK 16 bil in environmental projects. CEK 15.4 bil should be spent on the solution of social and personnel impacts and nearly CEK 6 bil on the consequences of the stoppage and liquidation of unproductive and ineffective production.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 2001
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Vitkovice Ostrava
Article Abstract:
Vitkovice (Ostrava, Czech Republic), metallurgy and engineering firm, saw a pre-tax profit of 141.5 mil Kc in 1998. The firm's production volume was 32.4 bil Kc in 1998. The company's average wage increased by 11.6%, 1,374 Kc, in 1998 compared to 1997. The firm did not realise the planned growth of its productivity in 1998. Vitkovice's total debts correspond to less than 50% of its stock. The firm's credit burden corresponds to 36% of its stock under total credits of 5.3 bil Kc. The company had goods on stock worth 7.6 bil Kc in 1998. The firm's costs on non-quality production were 183 mil Kc in 1998, 13 mil Kc more compared to 1997.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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NH invests hundreds of millions in the environment
Article Abstract:
Nova hut (NH) (Ostrava, Czech Republic), metallurgy company, will go on investing in environmental equipment in 1998. The company has been working on the environmental repair of its large-capacity coke-oven battery number 11 for more than three years. The project's total costs will be 320 mil Kc. NH will invest nearly 800 mil Kc in its coke-oven gas desulphurising. The project will be completed in 1998. NH's solid emissions were about 1 kg per tonne of produced crude steel in 1997 compared to nearly 5 kg in 1993.
Comment:
Metallurgy company will invest in environmental equipment in 1998; costs estimated at 320 mil Kc
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1998
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