NEC

Type
Internal restructuring
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Manufacturing
(26 - 27) Manufacture of electrical, electronic and optical products
26 - Manufacture of computer, electronic and optical products
26 - Manufacture of computer, electronic and optical products
290 jobs
Number of planned job losses
Job loss
Announcement Date
3 February 2003
Employment effect (start)
1 January 2003
Foreseen end date
1 March 2003

Description

The Japanese company NEC laid off 290 workers in relation with an internal restructuring plan. It closed down some of its production lines and reduced its expenses regarding investment. These sections were relocated to Japan.

Sources

  • 3 February 2003: CGTP

Citation

Eurofound (2003), NEC, Internal restructuring in Portugal, factsheet number 58853, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58853.