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.
Panasonic, a Japan-based manufacturer of TV sets, has announced that it will release 125 workers at its Pilsen site by the end of April 2013. The firm currently employs 1,400 people.
The redundancies will affect especially operators working on assembly lines, but also other technical professions. Dismissals were justified by “workforce optimization”. In January 2013, the unemployment rate in the region jumped up to 6.6 percent from 5.9 percent in December 2012.
Eurofound (2013), Panasonic, Internal restructuring in Czechia, factsheet number 75009, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75009.