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
231 jobs Number of planned job losses
Announcement Date
2 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
Description
Panasonic AVC Networks Czech, a subsidiary of the Japanese consumer electronics manufacturer Panasonic, is to cut 231 jobs at its site located in Žatec (Triangle Insdustrial zone). The redundancies will come into effect from January 2012.
The company will close the Žatec site and move the production to the main factory in Plzeň. Workers are reported to have the opportunity to move to the site in Plzeň.
The redundancy procedure is said to take place due to the global economic crisis.
Sources
2 December 2011: MF Dnes
Citation
Eurofound (2011), Panasonic AVC Networks Czech, Relocation in Czechia, factsheet number 72805, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72805.
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