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
New offshoring locations
Romania
733 jobs Number of planned job losses
Announcement Date
9 July 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
AEES Czech Platinium Equity (previously Alcoa Fujikura), a producer of wiring harness systems for the car industry, will axe 733 jobs with the closure of the site in St?íbro by the end of 2009. The new American owner has decided to move the production to Romania in order to lower labour costs. Trade union has negotiated a social package, including severance pay amounting to almost 7 average monthly wages. The company was one of the biggest employers in the region and in 2007 employed some 2,050 people. The restructuring measures started in 2008 (see fact sheet No 11392).
Sources
9 July 2009: Právo-Západní Čechy
Citation
Eurofound (2009), AEES Czech Platinium Equity, Offshoring/Delocalisation in Czechia, factsheet number 69279, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69279.
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