Visteon Autopal Nový Jičín

Type
Internal restructuring
Country
Czechia
Region
Česko; Moravskoslezsko; Moravskoslezský kraj
Location of affected unit(s)
Nový Jičín
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.3 - Manufacture of motor vehicle parts and accessories
550 jobs
Number of planned job losses
Job loss
Announcement Date
20 November 2008
Employment effect (start)
20 November 2008
Foreseen end date
28 February 2009

Description

Visteon-Autopal Nový Jičín, a subsidiary of an American car lighting and climate systems producer, has announced 550 job cuts from a total 2,500 due to the global financial crisis. The reduction of 250 jobs (especially manual workers) is expected to occur by 31 January 2009 and additional 300 job cuts are to be implemented by 28 February 2009. The workers who are leaving the company in November and December 2008 will receive severance pay amounting to 6 average monthly wages. The workers who will leave the plant in January 2009 will be given severance pay amounting to 5 average monthly wages.

Sources

  • 20 November 2008: Právo

Citation

Eurofound (2008), Visteon Autopal Nový Jičín, Internal restructuring in Czechia, factsheet number 67417, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67417.