Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The Philips branch High Tech Plastics employs some 350 people. 70 among them will no longer be working for the company next year. This is a consequence of the change in technology - automatisation and computerisation in the production process - and of a fall in demand for endoscopical lences for medical purpouses.
For some time now Philips had intended to sell HTP (as well as Philips High Tech Aerospace, HTA, also reducing its personnel and loosing 25 jobs in 140).
In total almost 900 hundred jobs should disappear in the Eindhoven area due to the reorganisations announced this year by Philips in its various subsidiaries.
Eurofound (2003), Philips High Tech Plastics HTP, Internal restructuring in Netherlands, factsheet number 59147, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59147.
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