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 26.11 - Manufacture of electronic components
500 jobs Number of planned job losses
Announcement Date
3 July 2012
Employment effect (start)
3 July 2012
Foreseen end date
31 August 2012
Description
Schott Solar, a producer of solar panels, will dismiss 500 employees due to the decision to cease production at the Valašské Meziříčí plant. The plan will be implemented over the period July-August 2012.
The photovoltaic products industry has been affected by a gradual decline in prices, which is reported to have occurred mainly due to the competition with cheaper Asian products.
The mayor of Valašské Meziříčí called for a search of alternative solutions to the problems in the industry, such as alternative forms of employment in solar energy companies.
Sources
3 July 2012: Lidové Noviny
Citation
Eurofound (2012), Schott Solar, Closure in Czechia, factsheet number 73889, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73889.
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