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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
660 jobs Number of planned job losses
Announcement Date
26 November 2008
Employment effect (start)
Foreseen end date
31 December 2008
Description
Alcoa Fijikura, a Japanese producer of wiring harness systems for the car industry, has announced that it is to cut 660 out of 1,200 jobs in StÅ™Ãbro by the end of 2008.
The company attributed the job cuts to the decline of customer orders and the global financial crisis. The workers who are leaving the company on a voluntary basis are to be given a severance pay amounting to 6 and half average monthly wages (compared to the 3 wages that are given as a statutory severance pay).
Sources
26 November 2008: MF Dnes
Citation
Eurofound (2008), Alcoa Fujikura, Internal restructuring in Czechia, factsheet number 67534, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67534.
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