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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
150 jobs Number of planned job losses
Announcement Date
26 November 2008
Employment effect (start)
1 November 2008
Foreseen end date
Description
TRW Lucas Varity , the Czech-U.S. joint-venture which produces braking systems for the automotive industry, has announced approximately 150 job cuts (out of a total of 1,360) due to the global financial crisis. These job cuts are to be implemented from November 2008 onwards. However, the company has released no further information as to when the job cuts will be implemented by.
Sources
26 November 2008: Hospodárske noviny
Citation
Eurofound (2008), TRW Lucas Varity, Internal restructuring in Czechia, factsheet number 67539, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67539.
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