Czech republic : government must decide this week of LG. Philips factory’s fate

Publication

6 February 2006 à 07h30

Updated on 20 March 2013 à 19h18

Reading time

2 minutes

Publication: 6 February 2006 à 07h30, Updated on 20 March 2013 à 19h18

Reading time: 2 minutes

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The government must decide if it will or not grant financial assistance to support the rescue plan of the LG.Philips Czech factory -in suspension of payments since the end of January- and thus save 1 300 jobs. (Ref. 06102)
Publication

6 February 2006 à 07h30

Updated on 20 March 2013 à 19h18

Reading time

2 minutes

Publication: 6 February 2006 à 07h30, Updated on 20 March 2013 à 19h18

Reading time: 2 minutes

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The government plans to grant a loan of up to 10 million euros (300 million CZK) on two conditions: 1 the separation from the head office 2 The company must also prove that it has a profitable order book for the next one to two years” said, Sunday February 5, the Czech Minister for Industry and Trade, Milan Urban. “For the moment, we have no such document. (…) In any event, it will not be a subsidy but a loan” he added.

To respect the balance with its Czech competitor in the manufacture of...

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