The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
2,115 jobs Number of planned job creations
Announcement Date
11 April 2005
Employment effect (start)
Foreseen end date
Description
LG Electronics has announced the creation of a new facility, which will produce modern digital television sets, plasma monitors and LCD screens. The investment, second LG factory in Poland, is located on a 38 hectares plot on the territory of the SEZ; the company will therefore benefit from tax exemption until 2017. Another zone will be set up in the proximity of the plant and it will be designated for company's subcontractors who are likely to create, as much as 5,000 jobs. LG Electronics also signed an agreement with Ciechanów Technical University, on the basis of which the firm will set up an R&D centre. It will employ graduates of the academy who are already subject to a special educational program tailored for the needs of the investor.
Sources
12 April 2005: Gazeta Wyborcza
11 April 2005: The Polish Information and Foreign Investment Agency
11 April 2005: Rzeczpospolita
Citation
Eurofound (2005), LG Electronics, Business expansion in Poland, factsheet number 61409, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61409.
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