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 Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Hungary
154 jobs Number of planned job losses
Announcement Date
25 June 2008
Employment effect (start)
1 September 2008
Foreseen end date
31 December 2008
Description
Philips, the Dutch manufacturer of electrical equipment, has laid off 154 employees from its television production unit in Brugge, Flanders. The production unit was closed. The management announced the probable closure of the plant in December 2008. 127 blue-collar and 27 white-collar workers are affected by the collective redundancy. Philips intends to gather the television production unit in only one plant per continent. The European one will be located in Hungary. The objective of this is to counteract the losses the company has experienced in the manufacture of televisions.
Eurofound (2008), Philips, Offshoring/Delocalisation in Belgium, factsheet number 67897, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67897.
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