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 Electrical Equipment 27.51 - Manufacture of electric domestic appliances
230 jobs Number of planned job losses
Announcement Date
9 March 2012
Employment effect (start)
Foreseen end date
30 April 2012
Description
Dutch electronics corporation Philips has announced the dismissal of 230 employees at its unit in Székesfehérvár, Hungary. The jobs will be cut in two steps until the end of April 2012 and the implementation of the dismissals has already started.
Philips had 750 employees in September 2011 in Székesfehérvár. Now, jobs will be cut due to an outsourcing and relocation of the production of razors, phones and toothbrushes and a change to the production of TVs. Philips had joined a TV joint venture with Chinese TPV in April 2011.
Sources
9 March 2012: Menedzser Fórum
9 March 2012: Világ Gazdaság
9 March 2012: Heti Világ Gazdaság
Citation
Eurofound (2012), Philips Hungary, Internal restructuring in Hungary, factsheet number 73304, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73304.
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