Kyrel

Type
Merger/Acquisition
Country
Finland
Region
Manner-Suomi; Länsi-Suomi; Pirkanmaa
Location of affected unit(s)
Kyröskoski
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
160 jobs
Number of planned job creations
Job creation
Announcement Date
1 November 2003
Employment effect (start)
Foreseen end date

Description

In October Kyrel and Flextronics announced a preliminary deal for Kyrel to take over the business activities of Flextronics. According to this deal, production will continue without interruption, Kyrel effectively taking over in the beginning of next year. This business transfer will save the jobs that were planned to be cut.

SEE Flextronics factsheet for more info.

Sources

  • 1 November 2003: Helsingin Sanomat

Citation

Eurofound (2003), Kyrel, Merger/Acquisition in Finland, factsheet number 58952, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/58952.