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)
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.
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