Czech Railways could reduce the salaries of approximately 700 of its employees from April, according to Seznam Zprávy. The reason is the losses during the coronavirus crisis, which last year reached approximately four billion crowns. According to company spokeswoman Gabriela Novotná, wage cuts and new measures should last for a year. "The pandemic will end one day. So if we reduce contract wages this year, it will not be forever. The contractual salaries of directors, managers, and other employees, mainly in the administration, are re-adjusted annually with the agreement of both parties. This depends both on the performance of individual employees and in connection with the company's financial capabilities," said Ivan Bednárik, Chairman of the Board of Directors and CEO of ČD. Read more here.