Press Release
Most, 16 July 2010 – The Czech Coal Group continues its restructuring and concentrates shared services in Czech Coal a.s. and Coal Services a.s. As of 14 July, Czech Coal a.s. is responsible for the administration of subsidiaries, which, together with some of shared services, was the responsibility of Czech Coal Services a.s. until the above date.
This step is a continuation of the previous structural changes within the Group. The motivation is to make the system and management of shared services in the Group clearer.
The inclusion of, in particular, personnel, economic and financial departments, the environmental department, and internal audit into Czech Coal a.s. will complete the system of the Group’s infrastructure services, some of which have been working within Czech Coal a.s. for some time. Rail transport, power facilities, laboratories, surveying and geoinformatics, and other shared services of a technical nature, will be operated within Coal Services a.s.
The change will have no impact on the transferred or any other employees. All of their rights and obligations will be preserved, including all of the employee benefits guaranteed to them by the Collective Agreement currently in place. There will be no job cuts in this connection.
The Czech Coal Group includes Czech Coal a.s., a trader in energy commodities, mainly brown coal, electrical energy and greenhouse gas emissions allowances, and Litvínovská uhelná a.s., which manages the largest coal deposit in the Czech Republic, Vršanská uhelná a.s., whose coal reserves within the mining limits will last until 2058, and a number of other service companies. REN Power CZ, a.s., a major investor in renewable energy sources, and FitCraft Production a.s., a prominent Czech manufacturer of photovoltaic systems, also form a part of the Group.
Contact:
Gabriela Benešová
Czech Coal Group Spokesperson
Tel.: +420 476 203 141
GSM: +420 725 327 758
g.benesova@czechcoal.cz
www.czechcoal.cz
Czech Coal Group
E-mail: ccg@czechcoal.cz
Czech Coal a.s.
Evropská 2690/17, 160 00 Prague 6
Tel.: +420 222 183 111
E-mail: info@czechcoal.cz
Residence:
V. Řezáče 315, 434 67 Most
