TRW Lucas Varity

Type
Internal restructuring
Country
Czechia
Region
Česko; Severovýchod; Liberecký kraj
Location of affected unit(s)
Jablonec nad Nisou
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
150 jobs
Number of planned job losses
Job loss
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://apps.eurofound.europa.eu/restructuring-events/detail/67539.