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.
In February 2007, it was reported that Dutch developer CTP became a new owner of the plant Multidisplay s.r.o. (former LG.Philips Displays Czech Republic s.r.o.) in Hranice. The priority of the new owner was to continue the production of tubes and maintain the current number of employees. In January 2006 the parent company LG.Philips Displays Holding B.V. from the Netherlands announced bankruptcy. As a consequence, the Czech subsidiary plant in Hranice became an independent and separated company in respect with its operation. Successful sale of the plant concluded the restructuring process. The plant managed to maintain the existing jobs. CTP was considering significant investments into their new facilities. After further development, the Hranice technology park should have offered employment opportunities for up to 2000 people.
Eurofound (2007), Multidisplay s.r.o, Business expansion in Czechia, factsheet number 64970, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64970.
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