Restructuring events
European Restructuring Monitor (ERM)
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.
On 21 February 2012, Chinese producer of televisions TPV Display announced plans to shut down the factory in Kobierzyce near Wrocław (the Wałbrzych Special Economic Zone) and dismiss 500 employees. The company plans to carry out the redundancy process by the end of March 2012.
It is reported that the redundant workers will receive a severance pay.
TPV has two plants in Poland (Kobierzyce and Gorzów Wielkopolski). The company decided to reduce operational costs by closing the factory in Kobierzyce and concentrating the production in Gorzów Wielkopolski.
Eurofound (2012), TPV Display, Closure in Poland, factsheet number 73150, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73150.