IPS Alpha

Type
Internal restructuring
Country
Czechia
Region
Česko; Severozápad; Ústecký kraj
Location of affected unit(s)
Žatec
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
407 jobs
Number of planned job losses
Job loss
Announcement Date
18 February 2009
Employment effect (start)
Foreseen end date
31 March 2009

Description

IPS Alpha Technology Europe, a flat-screen TV manufacturer, has announced that it is to axe 407 jobs out of a total 1,550 at its Žatec site (Triangle industrial zone) by the end of March 2009 due to the global economic downturn. IPS Alpha is a joint venture of three Japanese firms (Hitachi, Panasonic and Toshiba) and has been operating in the Czech Republic since the beginning of 2007 (see fact sheet No 7225).

Sources

  • 18 February 2009: Hospodárske noviny

Citation

Eurofound (2009), IPS Alpha, Internal restructuring in Czechia, factsheet number 68234, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68234.