Government to help Dutch firm after factory closes doors

The government is willing to provide assistance to Dutch company LG Philips, which shut down a factory employing 1,300 people in Moravia on Friday. The minister of finance, Bohuslav Sobotka, said the government would use the instruments at its disposal to help the TV screen manufacturer, but did not specify how. He said it was a pity, however, that LG Philips had not informed the Czech state it was in difficulties until it had shut its doors.

Author: Ian Willoughby