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
570 jobs Number of planned job losses
Announcement Date
10 August 2007
Employment effect (start)
31 August 2007
Foreseen end date
Description
Multidisplay, a manufacturer of electronic valves and tubes, is to cut 570 jobs at its Hranice site. The plant at Hranice employs 990 and produces tubes for electronic equipment such as televisions and radios. The facilities at the site will be converted so that LCD monitors will be produced in the future.The redundancies will be implemented from the end of August 2007. Multidisplay is a former subsidiary of LG.Philips Displays and is now owned by the group CTP.
Sources
10 August 2007: Hospodárske noviny
Citation
Eurofound (2007), Multidisplay, Internal restructuring in Czechia, factsheet number 65751, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65751.
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