Type
Closure
Country
Germany
Region
Baden-W├╝rttemberg; Stuttgart; Esslingen
Location of affected unit(s)
Esslingen
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26 - Manufacture of computer, electronic and optical products

600 jobs
Number of planned job losses
Job loss
Announcement Date
30 November 2005
Employment effect (start)
31 March 2006
Foreseen end date
31 March 2006

Description

MT Picture Display, a producer of picture tubes belonging to a joint venture of Matsushita and Toshiba, will close its factory in Esslingen near Stuttgart. 600 jobs will be lost. The factory's products have suffered price declines of up to 44%, as consumers are shifting their demand to flat panel television sets.


Sources

  • 1 December 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), MT Picture Display, Closure in Germany, factsheet number 62587, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62587.