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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
130 jobs Number of planned job losses
Announcement Date
6 June 2003
Employment effect (start)
Foreseen end date
Description
Flextronics has started cooperation talks in order to cut jobs. This is due to weak demand. The cuts are carried out by ending fixed term jobs and by direct dismissals of the permanent workforce.
October 2003
Flextronics decided to shut down its Kyröskoski unit during the next six months.
1 November 2003
Flextronics and Kyrel made a preliminary deal for Kyrel to take over the business activities of Flextronics in the beginning of next year. Kyrel will continue with the present personnel.
SEE Kyrel factsheet for more information.
Sources
6 June 2003: Helsingin Sanomat
1 November 2003: Helsingin Sanomat
Citation
Eurofound (2003), Flextronics, Internal restructuring in Finland, factsheet number 59418, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59418.
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