Vítkovice Steel to close Ostrava plant next Sept. at latest

Vítkovice Steel will close its Ostrava plant by September 30, 2015 at the latest, spokesman Jaromír Krisica told the Czech News Agency on Thursday. Vítkovice Steel currently employs more than 1,000 people, with 250 located at the Ostrava plant. It is not yet clear how many people will be dismissed. The company management decided to halt investments in one of its units. Without the unit, a permit which it needs for the steel plant´s operation expires on September 30 next year. Shareholders ordered the management to prepare a phase-out plan for the steel plant that will minimise the impact on employment in the region and will respect customer-supplier relations, Krisica said.