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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.2 - Installation of industrial machinery and equipment
200 jobs Number of planned job losses
Announcement Date
19 November 2003
Employment effect (start)
Foreseen end date
1 December 2004
Description
In the short term, some 200 jobs will disappear at Philips CFT in Eindhoven. CFT has made big losses and should, thanks to these measures, regain profitability for 2005. Philips CFT provides services for other branches of Philips but has to face the competition of other companies; it has therefore to be much more competitive than before.
Sources
19 November 2003: Eindhovens Dagblad
Citation
Eurofound (2003), Philips CFT (Centre for Industrial Technology), Internal restructuring in Netherlands, factsheet number 59930, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59930.
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