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.
Pegatron Czech, a Taiwan-based manufacturer of set-top boxes and LCD TVs, is to reduce its workforce by 760 employees out of 1,100 by the end of 2012. The cuts will affect 360 permanent full-time workers, 100 workers on temporary contracts and another 300 agency workers. According to the management, they have lost key customers through expired contracts so the owners decided to move the production to China in order to cut costs and bring up profitability. The Czech site will operate as a service and repair centre, which is expected to keep growing in the future and they are planning to recruit 20 technicians very soon.
Update 12-04-2013: According to the latest sources the final number of redundancies is 260 people.
Eurofound (2012), Pegatron Czech, Offshoring/Delocalisation in Czechia, factsheet number 74492, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74492.
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