Multidisplay to sack 570 staff from Hranice plant

Czech cathode tubes maker Multidisplay will sack about 570 staff because of a switch to LCD production, the daily Mlada fronta Dnes said in a regional supplement on Saturday. Almost 1,000 Multidisplay staff are now at home on 70 percent of their wages due to a shutdown at the company. Michal Langos, head of the employment office in Prerov, northern Moravia said the dismissals would have no major impact on unemployment in the region. "Unemployment in our region has fallen below 9 percent and demand for workforce is high," he said. CTP Invest, which bought Multidisplay for EUR40 million in February, expects most of the sacked staff to find jobs in the local industrial park.