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 Electrical Equipment 27 - Manufacture of electrical equipment
850 jobs Number of planned job losses
Announcement Date
27 June 2008
Employment effect (start)
1 July 2008
Foreseen end date
31 August 2008
Description
Alcoa Fujikara Czech announced the cut of 850 jobs at their production facility in Stříbro in July and August 2008. The job reduction is due to the unfavourable CZK exchange rate. It was reported that a part of the company’s production will be moved to Romania. Alcoa Fujikara Czech, currently employing 2,050 staff, manufactures wiring harness systems and it is a subsidiary of the world leader in the production of primary aluminium that serves aerospace, automotive, construction and other industries.
Sources
27 June 2008: Hospodárske noviny
Citation
Eurofound (2008), Alcoa Fujikura, Internal restructuring in Czechia, factsheet number 66794, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66794.
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