BUSINESS IN SHORT

Radičová halts rail company layoffs

THE PLANNED mass layoffs of more than 4,000 employees in the three state-controlled railway companies have been postponed. The Ministry of Transport, Construction and Regional Development must first elaborate and submit to cabinet a recovery plan for the loss-making railway companies, the SITA newswire reported.

THE PLANNED mass layoffs of more than 4,000 employees in the three state-controlled railway companies have been postponed. The Ministry of Transport, Construction and Regional Development must first elaborate and submit to cabinet a recovery plan for the loss-making railway companies, the SITA newswire reported.

Prime Minister Iveta Radičová instructed Transport Minister Ján Figeľ to halt all plans for layoffs of railway employees until a plan to revitalise the railway companies is approved.

SITA wrote that Radičová made her decision after she was informed by the head of the railway trade union, František Petroci, about the union’s negative attitude toward the announced redundancies unless the Transport Ministry elaborated a revitalisation program that would support the development of railway transport in Slovakia.

“Layoffs are the last resort solution,” the Transport Ministry’s spokesperson, Martin Krajčovič, told SITA.


Get daily Slovak news directly to your inbox

Top stories

News digest: Who will take the swabs?

The government offers hundreds of euros to health care staff for testing. Curfew ends on Saturday for some. Take a look at testing sites and more.

PM Igor Matovič helped with testing in Tvrdošín.

People with negative tests can go to hairdresser or outdoor terraces

Those with a negative test result will have to follow rules introduced on October 15.

Companies fear drop in demand for their products and services the most

International chambers of commerce asked companies about their current situation as well as expectations.

Companies implemented anti-coronavirus measures.

The big testing: When and where to show up, and what if I don't want to? (FAQ)

Here is what we know about the practicalities of the nationwide testing so far. Testing also applies to foreigners and diplomats in Slovakia.

Pilot testing in Bardejov