EMCC European Monitoring Centre on Change

LG Philips

Company/Organisation:
LG Philips

Geographic Location

Country: Netherlands
Region: Limburg (NL); Zuid-Nederland
Location of affected unit(s): Sittard, Stadskanaal, Eindhoven

Company

Sector: Manufacturing
Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
Number Employed: 605
Group: Philips & LG Electronics

Employment Effects

Announcement Date: 09-01-2003
Planned Job Reductions min: 252
Planned Job Reductions max: 632
Type of Restructuring: Internal restructuring
Employment Effect Start: 01-01-2003
Foreseen End Date: 01-03-2004

Additional Information

There are 605 employees involved in LCD production on the sites of Sittard (207 dismissals on 515) and Stadskanaal (45 dismissals on 90). New wave of dismissals on the site of Eindhoven announced on 17th of July. Some 100 jobs will be shed on the site of Eindhoven. Philips puts an end to the production of frontprojectors for the end of July. Some 120 jobs will be shed in the production site in Vienna and some 50 more in regional sales departments. According to the company, this sector should be not profitable anymore very soon due to the competition of LCD and plasma screens.