Government will not help OKD mining company

29-04-2016

The Czech government will not aid the ailing coal mining company OKD, but will focus on helping miners who are to be laid off, Prime Minister Bohuslav Sobotka said on Friday following talks with trade unions and employers. Friday was the deadline for a possible deal with the government which would allow the OKD mines to remain in operation. Bankruptcy procedures are now likely to start within days. The company has close to 10,000 stem employees and thousands of other jobs in the region are dependent on it.