Czech Republic : REACH legislation will cost Czech companies a lot of money

Publication

25 January 2006 à 17h20

Updated on 17 March 2013 à 20h15

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1 minute

Publication: 25 January 2006 à 17h20, Updated on 17 March 2013 à 20h15

Reading time: 1 minute

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The new European Union legislation concerning registration, evaluation, approval and limitation of chemicals (REACH) should impose strict rules on Czech companies. (Ref. 0667)
Publication

25 January 2006 à 17h20

Updated on 17 March 2013 à 20h15

Reading time

1 minute

Publication: 25 January 2006 à 17h20, Updated on 17 March 2013 à 20h15

Reading time: 1 minute

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According to the Ministry of Labor and Social Affairs, the estimated overspend for companies will amount to 7 – 11 milliards CZK (about 240 à 320 millions euros). Furthermore, the ministry estimates that up to 5800 jobs will be lost because companies will want to compensate these costs by lowering the wage bill. In order to reduce the negative impact of the new legislation, the government wants to set up regional education and information centers that would offer special vocational...

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