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
12,000 jobs Number of planned job creations
Announcement Date
31 May 2006
Employment effect (start)
1 January 2007
Foreseen end date
31 May 2011
Description
IPS Alpha, consortium of three Japanese firms (Hitachi, Panasonic and Toshiba), is to establish a new manufacturing site in the Czech Republic to produce LCD TV sets. Production of the new plant with investment of 2.6 billion CZK, located in Žatec (industrial zone Triangle), is to be launched at the beginning of 2007 and to create about 2,000 jobs. Besides the joint venture, three Japanese investors consider to build their own manufacturing sites with the LCD TV production. The overall number of people to be employed could thus reach 12,000 within five years. This huge business expansion is seen as a very profitable investment in the region where more than 30,000 people are unemployed.
Sources
31 May 2006: Hospodárske noviny
Citation
Eurofound (2006), IPS Alpha, Business expansion in Czechia, factsheet number 63563, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63563.
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