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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
407 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68234.
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