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 26.4 - Manufacture of consumer electronics
430 jobs Number of planned job losses
Announcement Date
23 January 2012
Employment effect (start)
24 January 2012
Foreseen end date
Description
Foxconn, multinational Taiwanese electronics manufacturer, will dismiss 430 workers in Nitra, a plant that it had previously taken over from Sony. The company announced collective redundancies concerning up to 600 jobs at the local employment office. But according to Foxconn, only 430 people will be dismissed.
Redundancies are attributed to the worsening situation in the global market of LCD TVs.
Sources
23 January 2012: SME
Citation
Eurofound (2012), Foxconn, Internal restructuring in Slovakia, factsheet number 73129, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73129.
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