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 29.1 - Manufacture of motor vehicles
150 jobs Number of planned job losses
Announcement Date
20 February 2012
Employment effect (start)
21 February 2012
Foreseen end date
31 May 2012
Description
Toyota Peugeot Citroën Automobile (TPCA), a car manufacturing joint venture, has announced to cut 150 jobs at its Kolín site by the end of May 2012 due to a production decrease. It is reported that temporary agency workers will be most affected by the cuts.
TPCA, which currently employs about 3,000 workers, will shorten the work week to four days and reduce the number of shifts from three to two.
TPCA produces small cars for the European market. The company was established as a joint-venture of Toyota Motor Corporation and PSA Peugeot Citroën in 2005.
Sources
20 February 2012: MF Dnes
17 February 2012: ihned.cz
Citation
Eurofound (2012), Toyota Peugeot Citroën Automobile (TPCA), Internal restructuring in Czechia, factsheet number 73101, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73101.
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