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 26.1 - Manufacture of electronic components and boards 26.11 - Manufacture of electronic components
500 jobs Number of planned job losses
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://apps.eurofound.europa.eu/restructuring-events/detail/73889.
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