The Slovak rail infrastructure company, ZSR, has announced that it will reduce its workforce of 22,000 by 25% during the next two years in an effort to save up to Koruna 1 billion annually

International Railway Journal, Nov, 2003

The Slovak rail infrastructure company, ZSR, has announced that it will reduce its workforce of 22,000 by 25% during the next two years in an effort to save up to Koruna 1 billion ($US 29 million) annually. ZSR suffered a loss of Koruna 1.28 billion during the first half of this year mad has accumulated debts of Koruna 50 billion.