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 Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
200 jobs Number of planned job losses
Announcement Date
28 February 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 February 2003
Description
Philips dismissed 200 workers, who came to an agreement of redundancy terms with the company. A relocation of activities to Slovakia is planned.
Sources
28 February 2003: CGTP
Citation
Eurofound (2003), Philips, Internal restructuring in Portugal, factsheet number 60052, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60052.