Philips

Type
Internal restructuring
Country
Portugal
Region
Continente; Centro (PT); Região de Aveiro
Location of affected unit(s)
Ovar
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
200 jobs
Number of planned job losses
Job loss
Announcement Date
28 February 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 February 2003

Description

Philips dismissed 200 workers, who came to an agreement of redundancy terms with the company. A relocation of activities to Slovakia is planned.

Sources

  • 28 February 2003: CGTP

Citation

Eurofound (2003), Philips, Internal restructuring in Portugal, factsheet number 60052, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60052.