Type
Closure
Country
Czechia
Region
Stredni Morava; Zlinsky;
Location of affected unit(s)
Valašské Meziříčí
Sector
Manufacturing
Manufacture Of Computer, Electrical Electronic And Optical Products
Manufacture Of Computer, Electronic And Optical Products
26.11 - Manufacture of electronic components

500 jobs
Number of planned job losses
Job loss
Announcement Date
3 July 2012
Employment effect (start)
3 July 2012
Foreseen end date
31 August 2012

Description

Schott Solar, a producer of solar panels, will dismiss 500 employees due to the decision to cease production at the Valašské Meziříčí plant. The plan will be implemented over the period July-August 2012.

The photovoltaic products industry has been affected by a gradual decline in prices, which is reported to have occurred mainly due to the competition with cheaper Asian products.

The mayor of Valašské Meziříčí called for a search of alternative solutions to the problems in the industry, such as alternative forms of employment in solar energy companies. 

 


Sources

  • 3 July 2012: Lidové Noviny

Citation

Eurofound (2012), Schott Solar, Closure in Czechia, factsheet number 73889, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73889.