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
10,000 jobs Number of planned job creations
Announcement Date
3 April 2006
Employment effect (start)
Foreseen end date
Description
LG Philips, the South Korean producer of household electronics, is planning construction of a factory in Kobierzyce by Wrocław; the new plant will produce advanced television modules. The project cost approaches 430 million euro, 290 million euro of which will go towards associated projects by cooperating entities and suppliers. The new factory will employ 10000 people (in addition to the 3100 people already working for LG Philips in Poland). Poland is an attractive location for investors on account of relatively low labour costs coupled with a skilled workforce and with geographic proximity to major markets in the European Union.
Sources
3 April 2006: Rzeczpospolita
Citation
Eurofound (2006), LG Philips, Business expansion in Poland, factsheet number 63277, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63277.
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