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 - Manufacture of computer, electronic and optical products
470 jobs Number of planned job losses
Announcement Date
20 December 2004
Employment effect (start)
Foreseen end date
Description
LG.Philips Displays France, has announced its intention to cut half of its workforce. The unit in Dreux, manufacturing 29colour display tubes, will lose 470 employees. Several employees should benefit from early retirement measures. LG.Philips Displays plans in the future to focus only on LCD and plasma display products. In 2002 and 2003, three factories (in Germany, Austria and UK) had already been closed. Only three sites remain in Europe (UK, Czech Republic, and France).
Sources
20 December 2004: Les Echos
Citation
Eurofound (2004), LG.Philips Displays, Internal restructuring in France, factsheet number 60927, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60927.
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