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 (26 - 27) Manufacture of electrical, electronic and optical products 27 - Manufacture of electrical equipment 27 - Manufacture of electrical equipment
110 jobs Number of planned job losses
Announcement Date
3 February 2009
Employment effect (start)
Foreseen end date
28 February 2009
Description
OEZ Letohrad, a circuit breaker producer, is to cut 110 jobs out of 1,550 by the end of February 2009 due to the global recession. OEZ has been part of the Siemens group since 2007.
Sources
3 February 2009: Hospodárske noviny
Citation
Eurofound (2009), OEZ Letohrad, Internal restructuring in Czechia, factsheet number 68064, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68064.