EMCC European Monitoring Centre on Change

Neapco

Company/Organisation:
Neapco

Geographic Location

Country: Poland
Region: Opolski; Opolskie; Poludniowo-Zachodni
Location of affected unit(s): Praszka

Company

Sector: Manufacturing
Manufacture of transport equipment
29.32 - Manufacture of other parts and accessories for motor vehicles
Number Employed: 964

Employment Effects

Announcement Date: 21-05-2020
Planned Job Reductions min: 258
Type of Restructuring: Internal restructuring
Employment Effect Start: 21-05-2020

Additional Information

The US-owned manufacturer of automotive components Neapco announced that it will implement a collective dismissal programme affecting up to 258 jobs at the production facility in Praszka, Poland. The conditions of the programme will be negotiated with the local trade unions; the management will propose a voluntary leave programme. As the source reports, the programme is related to the COVID-19 pandemic and a drop in demand on the automotive market; the company also uses the measures provided by the anti-crisis scheme.

Neapco was founded in 1921 in the United States. Currently, the company employs over 3,200 people at 11 locations around the world. Neapco provides its products, including driveshafts and aluminium castings, to such brands as Ford, BMW, Volkswagen, Daimler, Renault, Volvo and General Motors. Neapco employs 964 people in the Praszka factory.

Sources: